PGP Could Have Prevented BitPay Phishing Attack

PGP Could Have Prevented BitPay Phishing Attack

Editors Note: We have updated the article to clarify that Mr Krohn’s email was compromised not Mr Pair’s. Also we have updated to link Mr Zimmerman as the creator of PGP and linked his Wiki page. We apologize for the confusion. Two weeks ago, it was revealed that BitPay suffered a phishing attack in late 2014, costing the company $1.8 million USD. According to documents obtained by the Atlanta Business Chronicle, a hacker gained control of BitPay CFO Bryan Krohn’s email account, and somehow got access to an account where he authorized the transfer of 5,000 bitcoins. This event seems to be....


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