Using ‘cryptopasswords’ to discover data breaches  

Grant Miller on a method for discovering data breaches instantly, before they are made public:

Recently, in a conversation with Rob Witoff (formerly on the security team at Coinbase, now at Google) we discussed the idea of replacing passwords with private keys that control public cryptocurrency wallets:

[…] The bottom line is, if someone steals your cryptocurrency, you know. If someone steals your password, your SSN or any other PII for that matter, you are at the mercy of the custodial party to discover and disclose that to you.


Making passwords literally money is a genius idea and an elegant solution to a major trust problem.

 
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