BitCoin Financial Group Designs and Sells First-Ever Bitcoin Theft Insurance Policy
Bitcoin Insurance Agency provides Bitcoin Security Leader BitGo with First-Ever Bitcoin Theft Insurance Policy purchased through Global A-Rated Insurance Provider FEBRUARY 25, 2015, NEW YORK. Bitcoin Insurance Agency though its operating company BitCoin Financial Group, LLC announced the first successful design and purchase of a true Bitcoin Theft Insurance Policy. BitSecure™, a proprietary insurance […]
LA Times: Spending on Cyberattack insurance soars, quoting IIG CEO Ty Sagalow
February 9, 2015 (Los Angeles). This LA Times article discusses the increase in cyber insurance due to the hack of Health insurer’s Anthem Inc’s computer system – affecting up to 80 million customers, and similar attacks over the last few years. According to the article “Hackers are wreaking havoc on big organizations, but they’re also […]
Bitcoins: Virtual Currency That Is Here to Stay (video)
In the first of a 3-part series, Mr. Sagalow looks at Bitcoins, the peer-to-peer payment system that uses open-source software. Recently, Great American Insurance introduced a new fidelity insurance policy for Bitcoin theft. According to Ty “…the market is still evaluating the policy…its terms and conditions as well as which companies are eligible to purchase […]
Bitcoin Risks: Mismanagement and Theft (video)
In this second part of the Bitcoin series, Ty Sagalow explains the growing legitimacy of Bitcoins, and risks associated with the peer-to-peer payment system. There are approximately $8 billion dollars of Bitcoins around the world, says Ty, used to buy a growing number if online products and services. He questions whether holding and storing Bitcoins has risk and what it means for the insurance industry. Mr. Sagalow sees three […]
Bitcoins: More Legitimate, If Not More Secure (video)
In the third part of a series on Bitcoins, Ty Sagalow discusses how the peer-to-peer payment system has become more legitimate, if not more secure. Recently, the U.S. Marshals Office auctioned 30,000 Bitcoins that were forfeited by Silkroad, one of the original Bitcoin companies allegedly involved in illegal activities. Mr. Sagalow says “the decision by the United States […]
