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Leading security firm, G4S offers high-tech hackerproof crypto cold storage vault

19 Oct, 2018
by Fifi Arisandi
News
Leading security firm, G4S offers high-tech hackerproof crypto cold storage vault

Leading security firm, G4S releases a new product to address the increasing security issues faced by crypto investors.

As more hacks being reported everyday, G4S, a British major corporation in security is aware of the increasing concerns of crypto investors. To address that, the company develops a one-of-a-kind method to store digital assets.

The unique method is not only taking the assets offline, which often considered as the safest option compared to hot wallets, but it will also defrag them first before finally storing them independently.

Each of the fragment, which is of no value independently, will then be stored in “high-security vaults” that are hackers or armed robbers attacks proof.

According to Dominic McIver, a senior risk analyst at G4S, to combine the defragged assets into the original and useful form, the company uses a patent technology.

He also said that the site to perform such actions has a heavy restriction for access with multiple layers of security to ensure more safety, as reported by Bitcoinist

The leading security firm is convinced that their new product is the best solution to address both the security issues with hot wallets as well as the “uncomfortable issues” of cold storage or hard wallets that make crypto investors reluctant to use.

Quoting the official statement from G4S, “With the rise in the popularity and value of cryptocurrencies around the world in recent years, G4S has developed an innovative new service offering high-security offline storage that helps to protect assets from criminals and hackers.”

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