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>As global events that highlight the restrictions of closed banking systems and insecure data security practices (e.g. the Greece debt crisis and recent United States Office of Personnel Management data breach) continue to occur, we believe that bitcoin is likely to be adopted by more people looking for digital money that is global, secure, and inclusive.

How would Bitcoin have prevented or mitigated the OPM hack?



It's possible that one could use the data leaked in the OPM hack to hijack someone's bank account. I imagine a lot, maybe all, of the verification info a bank would ask for in order to do a password reset would be in those files for many people.

The link is a bit of a stretch, though.


Bitcoin couldn't have prevented the OPM attack, but these types of attacks will continue to highlight the flawed way that institutions store data online.

I suggest reading this post: http://blog.onename.com/americans-hacked-opm/

TLDR; The blockchain offers a more secure database that allows institutions to stop storing massive amounts of user data on centralized servers.




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