A Look at the CYBR Ecosystem

Lately, there has been a lot of talk about cybersecurity, and the risks associated with the blockchain ecosystem. Hackers and other cybercriminals are continuously trying to hack into blockchain networks to get their hands on user information, as well as their digital tokens.

As a recent example, there was a major theft that took place on the Japanese cryptocurrency exchange, Zaif, which saw losses of approximately $58 million. The crypto community may see up to $1B in total theft in 2018 alone, and if the trend holds, the problem may get worse next year and beyond. And, while cyber threats of this magnitude do not happen every day, they are, unfortunately, rather common threats faced by the blockchain industry.