Crypto Security Lessons from Banking Fraud
This IRS fraud case has been making waves lately, and it got me thinking. The whole thing is like a wake-up call for crypto businesses. We’ve seen traditional banking fraud hit hard, and now it’s our turn to step up our game in identity protection.
Learning from the Bank Fraud Circus
Take Steven Ware’s case, for example. Dude pleaded guilty to bank fraud and identity theft, and he pulled it off against the IRS of all places! Just goes to show that even banks, with all their resources, aren’t immune to fraud. If traditional banks can fall prey to fraud, crypto businesses better pay attention.
Let’s break it down.
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Split the Control: Banks have checks and balances to keep insider fraud in check. Crypto businesses can learn a thing…
