Former financial planner and partner of cryptocurrency brokerage firm Bitcoin Trader, Warrick Pleash, says a catch-22 is that without instructions as to the location of the crypto and its digital key, those assets could be lost forever.
DigitalX noted that the global cryptocurrency market represents about US$500 billion in value, while the HNW sector represents more than US$60 trillion, presenting a significant opportunity.
“By embracing digital tools and technology to offer up differentiated product offerings and services, we will delight our customers with a better user experience, enhanced protection products and high quality service."
The company today has a presence in Europe, the Middle East, America, Asia and Africa, throughout those regions delivering innovative solutions to both start-ups and established banking and finance institutions, through direct communication or a reliable
And smartphone ownership has exploded, with 84 per cent of mobile-phone owners in 2017 carrying smartphones, up from 78 per cent in 2016, according to Wong.
Our CRO survey found the maturity of insurers’ understanding, measuring and governing cyber risks has come a long way over the last 12 months, but the tasks are still evolving.