Ask HN: What is Coinbase's Personnel Security Like

[kbelbina]

At this point places like coinbase and Gox are holding hundreds of millions of dollars in effectively cash.

At this point they would be huge targets for kidnapping (think of old school bank robberies). Any idea if they are investing in security to deal with that risk?

[27182818284]

https://coinbase.com/security

[kbelbina]

This doesnt address a founding member being kidnapped or his family kidnapped.

[atom-morgan]

Is it addressed with JP Morgan, Bank of America, Citigroup, etc? There are lots of companies that deal with large amounts of money. Why is Coinbase being singled out here?

[shiftpgdn]

Yes: http://www.starrcompanies.com/WhatWeCover/KidnapRansomExtort...

[kbelbina]

Coinbase is being singled out because it is a much smaller group of people with access to an asset which is significantly easier to steal / spend than a room full of gold, cash, or bank accounts full of USD.

[jfrisby]

An alternative to the insurance model is to implement something like SSS ("Shamir's Secret Sharing")...