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Ask HN: What is Coinbase's Personnel Security Like
At this point places like coinbase and Gox are holding hundreds of millions of dollars in effectively cash.
At this point they would be huge targets for kidnapping (think of old school bank robberies). Any idea if they are investing in security to deal with that risk?
- 27182818284 13y agohttps://coinbase.com/security https://coinbase.com/security
- kbelbina 13y agoThis doesnt address a founding member being kidnapped or his family kidnapped.
- atom-morgan 13y agoIs it addressed with JP Morgan, Bank of America, Citigroup, etc? There are lots of companies that deal with large amounts of money. Why is Coinbase being singled out here?
- shiftpgdn 13y agoYes: http://www.starrcompanies.com/WhatWeCover/KidnapRansomExtortion http://www.starrcompanies.com/WhatWeCover/KidnapRansomExtort...
- jfrisby 13y agoAn alternative to the insurance model is to implement something like SSS ("Shamir's Secret Sharing")...
- kbelbina 13y agoCoinbase is being singled out because it is a much smaller group of people with access to an asset which is significantly easier to steal / spend than a room full of gold, cash, or bank accounts full of USD.