For want of a nail

“Crypto Mystery: One Lost Password, Missing Millions and a Death in India,” The Wall Street Journal, February 7, 2019 B1.  Are investors out $136 million because of one person’s lost password?

Is your password Information?  Yes.  Who will be hurt if you die and nobody knows your password?  Or was the money lost before, and investigating the circumstances now is difficult?  How do you manage your passwords if you die?  Is it Governance to allow one person to control access to information on $136 million of other persons’ assets?

Is this a known (and appreciated) risk in cybercurrency?  Do you have a plan for people accessing your computer and other accounts after your death?

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Filed under Theme One: Information, Theme Two: Governance

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