Crypto security will always be a game of ‘cat and mouse’ — Wallet exec

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Coin Telegraph 1d ago

Crypto security will always be a game of ‘cat and mouse’ — Wallet exec - Coin Telegraph

Quick Summary:

Cryptocurrency wallet providers are getting more sophisticated, but so are bad actors — which means the battle between security and threats is at a deadlock, says a hardware wallet firm executive.“It will always be a cat and mouse game,” Ledger chief experience officer Ian Rogers told Cointelegraph when describing the constant race between crypto wallet firms adding new security features and hackers finding more advanced ways to access victims’ wallets.

Source: CertiKRogers emphasized that this will always be the case, just as bad actors aren’t limited to crypto — scams like fake emails from the “Nigerian president” have been around for years.“The cost of the attack is always commensurate with the size of the prize, right? ” Rogers said.

Related: Hacker steals $8.4M from RWA restaking protocol ZothMeanwhile, pig butchering scams have emerged as one of the most pervasive threats to crypto investors, with losses on the Ethereum network costing the industry $5.5 billion across 200,000 identified cases in 2024.