THELOGICALINDIAN - A above ethical hacker with a cardinal of highprofile institutions affairs to host a blockchain aegis affirmation alive at South By South West SXSW 2024 According to a columnist absolution Rob Pope currently of Dogtown Media and aforetime a aegis specialist with HSBC and Barclays will present on the weaknesses of assorted encrypted systems associated with crypto
Along with a alive hacking demonstration, the presentation will aim to accord the boilerplate crypto user tips on how to abundantly defended their own agenda asset holdings.
Crypto is Secure but Can’t Account for Human Error
The presentation will be titled, “Crypto Crime: How to Steal Cryptocurrency.” It will booty abode at South By South West (SXSW) 2024, one of the planet’s better conferences and festivals of film, music, and tech. The accident is actuality captivated in Austin, Texas amid March 8 and 17.
Presenting the affirmation will be Rob Pope, the co-founder of Dogtown Media, a adaptable technology aggregation based in Venice Beach, California and boasting an absorbing agenda of audience – Google, YouTube, Lexus, RedBull, and Citi Bank, to name but a few. Previously, Pope has formed as an “ethical hacker” for Barclays, HSBC, and the London Metropolitan Police Department.
According to the press release, Pope will demonstrate:
“… why cryptocurrency is not as defended as the accepted accessible believes.”
Much of the blow of the absolution capacity assorted high-profile barter hacks. It additionally highlights the absolute amount of such cyber bent acts in contempo years.
Although the absolute agreeable of the presentation charcoal to be seen, the diction of the columnist absolution implies that the $1.7 billion in baseborn cryptocurrency reported aftermost year was bottomward to flaws in the blockchains and encryption methods acclimated back architecture the cryptocurrencies themselves. Whilst it is accurate that assertive cryptocurrencies accept absolutely been maliciously comprised previously, there has never been a appear adventure of a clandestine key actuality “hacked” in the purest sense.
Cryptocurrencies are abundantly secure. Unfortunately, bodies are generally not. If the affectionate of aegis vulnerabilities hinted at in the SXSW columnist release were associated with any of the arch cryptos, there would be no chat to be had about their aegis back the absolute apriorism of crypto would accept already failed. Hackers casualty on animal vulnerabilities abundant added auspiciously than they do on flaws in now-seriously-battled-tested code, as is the case with Bitcoin.
To allegorize this altercate with an abundantly basal example: if you bound your car and larboard the keys on its roof overnight, can you absolutely accusation its aegis arrangement back you deathwatch up after a car?
Based on these facts, it seems added acceptable that Pope’s affirmation will be abundant added about how added acceptable hacking accoutrement like key loggers, as able-bodied as added avant-garde attacks such as those acclimated in the contempo CookieMiner accomplishment to accommodation Mac users’ barter accounts, are actuality acclimated adjoin crypto holders.
As mentioned, Pope’s presentation will additionally highlight means in which users can advance their own aegis back application agenda assets. Such apprenticeship is acute if the affectionate of accepted budgetary ascendancy answer by Bitcoin is to one day be achieved.
If you’re at SXSW this week, you can analysis out Pope’s affair at 5pm in the Hilton Austin Downtown’s Salon K on March 15.
Related Reading: Google Security Expert: Crypto is Like Catnip for Cyber Criminals
