Cyberattacks on Cryptocurrency Assets: Risk Mitigation and Insurance Coverage

Joshua Gold and Stephen Palley co-authored an article published in the July/August 2021 issue of CCBJ discussing the target-rich environment that is cybertheft, as a result of increased cryptocurrency assets, now topping $1.5 trillion globally.

. . . .The rise in Bitcoin prices this year and the heightened interest in cryptocurrencies from large institutions announcing their intentions to deal in these new currencies have raised the stakes. As more mainstream businesses find themselves drawn into cryptocurrency transactions, security and insurance . . .

. . . As with all insurance products, review the fine print and work with a seasoned insurance broker. Certain insurance companies will not hesitate to apply the fine print in a manner that frustrates, if not completely undermines, the whole point of purchasing the insurance in the first place.

Read the full article now on CCBJ website.