We seem to be suffering from lots of data breaches on the web sites of large corporations. One recent example is the recent theft of information from Wawa, a large chain of convenience stores and gas stations throughout the eastern United States. The personal data of millions of customers was apparently exposed for more than 6 months before being discovered.
Writing in the BeInCrypto web site, Max Moeller points out that an easy solution for these corporations is already available today: use cryptocurrencies instead of credit cards that are linked to bank accounts.
Moeller writes: “Thanks to blockchain technology, cryptocurrencies don’t have any reliance on centralized servers or human action. Instead, transactions are entirely automated and only need a wallet address to work. There isn’t a credit card number or PIN to lose, and no servers for bad actors to hack into.”
In short, the blockchains have proven to be far more secure than credit card and banking web sites.
You can read the full article at: https://beincrypto.com/wawa-data-breach-provides-another-case-for-cryptocurrencies/.
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Categories: Crypto Currencies, Online Privacy & Security
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