Cryptocurrency Insurance Companies in Japan

Cryptocurrency Insurance Companies in Japan

We are the Fort Knox of Cryptocurrency Transfers and Crypto Banking .

 https://www.digitalbank.capital/the-world-s-most-secure-crypto-wall

The DigitalBank Crypto Vault : The World’s Most Secure Crypto Storage Solution .
The DigitalBank Vault is the only Crypto Wallet coming with full Insurance coverage for all the cryptocurrency assets stored on the device .

 

Ultra Secure Crypto Storage and Communication solutions are at the core of all that we do at DigitalBank.
The DigitalBank is not a traditional crypto wallet provider, we supply sophisticated encryption devices for securing privately, your crypto funds.
​Take Full Control of Your Personal Crypto Wealth. The DigitalBank Crypto Vault , allows you independent control of your crypto assets.  You are the only one that controls the private key to your crypto funds.

 

The DigitalBank Technology , is Enabling 100% secure custody of Digital Assets assets for the financial crypto industry. We Do Not have access to your Private Keys or Crypto Funds, at any given time.
Almost every month, a major cryptocurrency theft makes headlines. In January 2018, for instance, hackers stole $534 million worth of digital coins from the crypto exchange Coincheck. Nevertheless, the crypto market grows and develops unabated. These conditions make space for a natural environment for insurance companies to offer their services. Several large insurance companies have recognized the opportunity, but on the road to offering cryptocurrency insurance, they have faced roadblocks.

 



 

With the DigitalBank Crypto Vault  , there is no third party involved , because we never store or know your private key , at any given time .

 

For Additional Information please feel free to contact us at [email protected] 

 

Key facts:
  • Bitcoin offers a lower cost alternative to established banking and money transfer systems
  • The particular characteristics of Bitcoin make it an attractive target for cyber attack and therefore, the security risk will never be reduced to zero. The establishment of recognized security standards for Bitcoin storage would greatly assist risk management and the provision of insurance
  • It is essential for the long term viability of Bitcoin that it does not become synonymous with crime. The Bitcoin community should co-operate with law enforcement agencies to prevent exploitation by criminal networks
  • Insurance can be a key component of responsible risk management to enable the next phase of Bitcoin’s evolution.
Flawed key generation — a mistake that allows hackers to decrypt private keys
Transaction malleability — tricking consumers into sending a payment multiple times
Fifty-one percent attack — a mass computing attack to overpower an entire blockchain
Sybil attacks — surrounding one network node with malicious ones to manipulate it
DDoS attacks — shutting down a network by bombarding it with fake requests
Consensus of fork risk — splitting of one currency into two that may cause confusion
These threats and other risk factors all need to be accounted for by underwriters when making a policy. Jacqueline Quintal of Aon told Forbes that such factors include “management team experience and expertise, security and storage protocols, financial crime concerns (e.g. Anti-Money Laundering and Know Your Client), relationships with legal counsel, accountants and banking partners as well as regulatory strategy.”
To cope with these risks, insurance companies have identified best practices to be used by their client companies, which can also help to ensure security of customers’ digital assets. These practices, according to Lloyd’s, include:
Server-side security — utilizing industry techniques or outsourcing to the cloud
Cold storage — storing private keys that access crypto assets offline (preventing hacks)
Multi-sig and control persons — distributing transaction authority to multiple individuals
Hybrid wallets — not storing private keys on an institutional level