State of Bitcoin Security
Bojan Simic
@bojansimic @cryptosecurity
bojan@bitcoinsecurityproject.org
Bitcoin Security Project
When it comes to security….
Bitcoin Security Project
Remember the 5th of November
Bitcoin Security Project
Enigma Machine in WW2
Bitcoin Security Project
00000000
Bitcoin Security Project
Need a Debit Card?
Bitcoin Security Project
Internet Security
Target –
70,000,000 credit
card records
Adobe –
38,000,000 CC
numbers &
user ac...
Bitcoin Security Project
Bitcoin (In)security
Bitcoin Savings
& Trust
Bitcoin Security Project
Why?
Bitcoin Security Project
Hackers are getting smarter, there’s more of them,
and there are more targets every day
91% of su...
Bitcoin Security Project
So what can you do about it?
Bitcoin Security Project
The average security breach costs $50,000 – $650,000
Security
Policy
Physical
Security
Secure
Sto...
Bitcoin Security Project
Hire or train developers qualified in security
18.8%
77.0%
70.0%
30.0%
55.0%
40.0%
51.0%
61.0%
69...
Bitcoin Security Project
Store your bitcoins securely!
Paper Wallet
COLD STORAGE!
Smaller businesses are victims of cyber ...
Bitcoin Security Project
Encrypt EVERYTHING!
• Transactions
• Passwords
• SSNs
• Addresses
• Images
• Credit Cards
• DOB
•...
Bitcoin Security Project
Take advantage of free resources & tools
Bitcoin Security Project
Start a security bug bounty!
Fixing a security vulnerability post-release costs 30X more than in ...
Bitcoin Security Project
(Donations)
• Follow @cryptosecurity
• Sign up at bitcoinsecurityproject.org
• bojan@bitcoinsecur...
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State of bitcoin security

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  • Good presentation Bojan on a very important topic. Of course I especially like the part about starting a bug bounty. More and more bitcoin businesses are actually first movers on doing this and more than 80% of the businesses using CrowdCurity (www.crowdcurity.com) are bitcoin businesses.

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State of bitcoin security

  1. 1. State of Bitcoin Security Bojan Simic @bojansimic @cryptosecurity bojan@bitcoinsecurityproject.org
  2. 2. Bitcoin Security Project When it comes to security….
  3. 3. Bitcoin Security Project Remember the 5th of November
  4. 4. Bitcoin Security Project Enigma Machine in WW2
  5. 5. Bitcoin Security Project 00000000
  6. 6. Bitcoin Security Project Need a Debit Card?
  7. 7. Bitcoin Security Project Internet Security Target – 70,000,000 credit card records Adobe – 38,000,000 CC numbers & user accounts American Business Hack – 160,000,000 credit card numbers and bank accounts SONY PSN – 77,000,000 User Accounts US Military – 76,000,000 SSNs of Veterans Top 4 hacks of 2013 resulted in 575 MILLION compromised accounts!
  8. 8. Bitcoin Security Project Bitcoin (In)security Bitcoin Savings & Trust
  9. 9. Bitcoin Security Project Why?
  10. 10. Bitcoin Security Project Hackers are getting smarter, there’s more of them, and there are more targets every day 91% of surveyed companies had a security incident in the last 12 months.
  11. 11. Bitcoin Security Project So what can you do about it?
  12. 12. Bitcoin Security Project The average security breach costs $50,000 – $650,000 Security Policy Physical Security Secure Storage Application Security Manage Access Network Security Internal Security
  13. 13. Bitcoin Security Project Hire or train developers qualified in security 18.8% 77.0% 70.0% 30.0% 55.0% 40.0% 51.0% 61.0% 69.0% 24.0% Protecting Sensitive Data Preventing Injection Attacks Preventing XSS Access Control Strategy Business Function Access Control Data Layer Access Control Securing User Sessions Managing Identities in Apps Using SSL Threat Modeling for Apps Developer’s Scores Companies that train developers in security have 73% less vulnerabilities
  14. 14. Bitcoin Security Project Store your bitcoins securely! Paper Wallet COLD STORAGE! Smaller businesses are victims of cyber crimes more often than big firms
  15. 15. Bitcoin Security Project Encrypt EVERYTHING! • Transactions • Passwords • SSNs • Addresses • Images • Credit Cards • DOB • Other PII… 73% of Americans have been victims of a cyber security crime
  16. 16. Bitcoin Security Project Take advantage of free resources & tools
  17. 17. Bitcoin Security Project Start a security bug bounty! Fixing a security vulnerability post-release costs 30X more than in dev
  18. 18. Bitcoin Security Project (Donations) • Follow @cryptosecurity • Sign up at bitcoinsecurityproject.org • bojan@bitcoinsecurityproject.org
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