Former Barclays And HSBC Hacker To Show Crypto Security Flaws At The SXSW 2019
Rob Pope, an “ethical hacker” who worked in HSBC and Barclays and is now working in Dogtown Media, which he co-founded, has announced that he would show off crypto security flaws at the South By South West (SXSW) 2019. The event is currently being held in Austin, Texas and it will last until March 17.
According to the press release of the event, the good hacker will show how several encrypted systems associated with cryptocurrencies. This way, people in the crypto industry, as well as the average crypto users, will be warned on how to secure their digital holdings in a more secure way than they are able to do now.
His presentation will be specifically at 5 pm in the Hilton Austin Downtown’s Salon K on March 15.
“Crypto Crime: How To Steal Cryptocurrency”
The presentation, which will be called “Crypto Crime: How To Steal Cryptocurrency”, will be focused on crypto security. Rob Pope, which will lead the presentation, is the founder of the top company Dogtown Media, which has clients like Google, RedBull, Lexus and Citi Bank.
His goal is to show how cryptocurrencies are often not as secure as people may think. To do it, he will reveal several details of how certain exchanges were hacked and the costs of these criminal acts. Hacks like Mt. Gox, which was the largest exchange in the world in 2013, will certainly be featured.
According to the press release, the $1.1 billion USD was stolen from exchanges in the first half of 2018 and most of this money is funneled and laundered via the dark web.
At the moment, nobody actually knows the exact content of the presentation, so there is a lot of speculation going around. NewsBTC.com, for instance, has speculated that he will talk about the human factor in crypto security.
Cryptocurrencies are very secure and nobody has actually hacked a private key until now (unless there was some case in which the system was specifically flawed, but no Bitcoin was hacked, for instance). However, humans are often prone to mistakes, especially when storing these keys. Hackers are often attacking more human vulnerabilities than technology.
Another speculation is that he will talk to crypto users about how to protect their assets better. According to what Pope has already spoken, this kind of topic is simply crucial in order to actually use cryptos in a way that you cannot have your assets stolen.
What do we actually know for sure? So far, Pope has promised to hack a wallet in real time and steal cryptos in front of the audience. He also promised to “disprove the myth of the unbreakable security of the blockchain technology”.
About South By South West 2019
SXSW 2019 is the latest edition of a classic event which happens every year. This edition started on March 8 and it will continue until March 17, next Sunday. The event is widely known for being one of the largest film, music and tech conferences of the planet.
The conference was started in 1987 and it is currently considered to be the world’s largest gathering of creative professionals from several industries.