It is possible to apply to Bitcoin the same security procedures that we apply to cash. Eg: web wallets employing fraud teams reviewing large outgoing transfers;

It is possible to apply to Bitcoin the same security procedures that we apply to cash. Eg: web wallets employing fraud teams reviewing large outgoing transfers; private keys storage physically protected with safes, armored guards, alarms, etc. Plus a lot more security mechanisms can be implemented with Bitcoin that is just plainly impossible with cash. Eg: M-of-N ECDSA signatures could require a thief to steal the hardware wallets of 2 business partners at once to access their shared coins. Right now Bitcoin is in its infancy and people are still trying to figure out how to best protect wallets. There is no doubt that the security landscape of Bitcoin will be a lot safer a few years from now as its usage and value continue to increase.