Security firm: MyEtherWallet has recorded more hacking attempts than Fortune 500 banks
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Segasec, a cybersecurity firm, responsible for defending cryptocurrency wallet provider MyEtherWallet (MEW) from hacks says the wallet is a favorite among cyber crooks. According to the firm, MEW receives an average of 30 to 40 cyber attacks a week, making the wallet a more popular target than leading banks. Segasec has taken down 313 active attacks and is currently monitoring over 2,700 potential threats. Kosala Hemachandra, the founder of the MEW platform, needed to enlist outside help for cybersecurity given the volume of hack attempts. (Source: CCN)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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