As we embrace a digital world, we need to understand that even with a proactive approach to cybersecurity breaches are still going to happen.

  • Japan’s Mt. Gox was hacked in 2014 and 650,000 bitcoins were stolen. Today, they are worth about $9.4 billion dollars.
  • Bitfinex, a Hong Kong-based exchange, was hacked in August 2016. About $70 million worth of cryptocurrency was stolen, today worth $1.7 billion.
  • Cryptsy was hacked in July 2017 and 11,325 bitcoins were stolen, today worth over $100 million.
  • Kraken was also hacked in July 2017, leading to a loss of about $5 million.
  • Tether was hacked in November 2017 with cryptocurrency stolen worth over $31 million dollars.
  • Nicehash was hacked in December 2017 and about 4,700 bitcoins were stolen, worth about $68 million.
  • Coincheck, the self proclaimed “leading cryptocurrency exchange in Asia”, was hacked in January 2018 in the biggest heist to date, losing $530 million of users’ cryptocurrency.
  • BitGrail was hacked most recently in February 2018, with the stolen cryptocurrency valuing $170 million dollars.

When it comes to cybersecurity being proactive with a plan is essential but understanding how to react when things don’t go according to plan is equally important. What is your response plan?