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Bahamas new digital currency will be the next testbed for innovative cybercrime attacks

Posted by Matthew Rosenquist on October 30, 2020 at 7:15am

The government’s Central Bank of the Bahamas has released the world’s first Central Bank Digital Currency (CBDC) - the “SAND DOLLAR”.

This is attracting the interest of cybercriminals as well as security professionals.  As national currencies transform into a digital form, criminals will seek ways to steal and abuse monetary systems at a scale never seen before.  The stakes are high and this will be the next emerging cybersecurity battlefield.

 

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Tags: cryptocurrency, currency, cybercrime, cybersecurity, digital, fraud, infosec
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Posted by Matthew Rosenquist

CISO and Cybersecurity Strategist

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