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Cryptocurrency and cybersecurity: A primer

Wednesday, November 22, 2017 @ 8:43 AM | By Sharon Bauer and Imran Ahmad

As the value of bitcoins continues to soar, there has been increased interest in whether cryptocurrencies may one day replace traditional currencies. However, regulators and the broader public remain skeptical and concerned about whether digital currencies are vulnerable to manipulations and therefore, present a risk to our financial system.

What is cryptocurrency

Both individuals and organizations use fiat currencies as a medium of exchange when engaging in transactions. Banks, accountants, lawyers, financial service companies and even online payment processors such as PayPal, are necessary third party...