- Crypto investors hire bodyguards to prevent kidnappings post-data breach.
- Significant increase in security service inquiries and long-term clients.
- Security viewed as essential for crypto holders amid rising risks.
Crypto millionaires are increasingly hiring security services to safeguard against kidnapping threats, following a data breach at Coinbase revealing customer details.
An increase in kidnapping threats faced by crypto investors is reshaping security norms in the industry. Identification of wealthy crypto holders through sensitive data exposure underlines the urgent need for improved protection.
Security Experts Report Growing Demand
Security experts report growing demand for professional services, spurred by recent events. Jethro Pijlman highlights increased inquiries and long-term commitments from crypto investors seeking proactive measures against potential kidnappers.
“We’ve had more inquiries, more long-term clients, and more proactive requests from crypto investors who don’t want to be caught off guard.” — Jethro Pijlman, Managing Director, Infinite Risks International.
The impact is evident in the cryptocurrency industry, as clients prioritize robust security strategies. Risk assessments, bodyguards, and secure transportation form part of a comprehensive protection framework catering to their needs.
These precautions, spurred by the Coinbase breach, indicate a shift in investor approach to security as a non-negotiable business expense, reflecting the serious nature of threats they face.
Industry experts suggest potential regulatory outcomes, considering historical precedents and past incidents. Heightened awareness of security threats may encourage technological solutions to protect vulnerable crypto assets.
