Christopher Allen

@ChristopherA

#SmartCustody Category — Loss by Crime, Theft

Cryptocurrency holders seem to be the most afraid of their digital assets being stolen. That's my third category of #SmartCustody adversaries: LOSS BY CRIME, THEFT. And, it's quite varied: I've got a whole week's worth of them! (1/8)

6/10/2020, 10:45:15 AM

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Christopher Allen

@ChristopherA

The ulterior motive here is obvious: greed. There's an active antagonist attacking you, and they want what you have. (2/8)

6/10/2020, 10:45:15 AM

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Christopher Allen

@ChristopherA

I envision LOSS BY CRIME, THEFT as a masked burglar taking keys out of a safe while heist music plays in the background. But, honestly, theft is usually more subtle, not involving physical presence at all. (3/8)

6/10/2020, 10:45:16 AM

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Christopher Allen

@ChristopherA

Is LOSS BY CRIME, THEFT really the most worrisome danger to your digital assets? I personally think that the average holder is more likely to lose their funds due to accidentally misplacing the keys in some way: either a physical or computer loss. (4/8)

6/10/2020, 10:45:17 AM

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Christopher Allen

@ChristopherA

But as always, #SmartCustody anthropomorphizes these adversaries and considers their motivations so that you can more bloodlessly think about whether you're actually at risk. One at a time, rather than being overwhelmed by all possible threats at once. (5/8)

6/10/2020, 10:45:19 AM

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Christopher Allen

@ChristopherA

Are your keys stored at a public exchange? Are you a well-known hodler of Bitcoin? Do other people have access to your funds? These are all things that could increase the danger of this category of adversaries to you. (6/8)

6/10/2020, 10:45:19 AM

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Christopher Allen

@ChristopherA

#SmartCustody details 8 different Theft adversaries: Institutional Theft, Internal Theft, Personal Network Attack, Systemic Network Attack, Casual Physical Theft, Sophisticated Physical Theft, Social Engineering, and Supply-Chain Attack. I'll cover them over the next week. (7/8)

6/10/2020, 10:45:20 AM

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