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Coinbase customers with hacked accounts get no justice from ‘horrible’ US laws: Fintech lawyer

App security expert and Denim Group Chief Technology Officer Dan Cornell told Yahoo Finance that Coinbase account breaches do not appear to be a systemic problem. Still, he said, more detail from Coinbase and other payment platforms could help ensure they become less frequent.

“It seems like there would be a lot more transparency about the mechanics of these attacks. That would be helpful in understanding the risk associated with them,” Cornell said. “Is this a technical flaw in payment platforms…or is this a more human factor?”

About Denim Group

Denim Group is the leading secure software development firm, serving as a trusted advisor to customers on matters of software risk and security. The company builds software for the most security conscious while helping organizations assess and mitigate risk within their existing software. Denim Group's flagship ThreadFix product accelerates the process of software vulnerability remediation, reflecting the company's rich understanding of what it takes to fix application vulnerabilities faster. Denim Group has emerged as a strong contributor to the larger application security community and has actively participated in the Open Web Application Security Project (OWASP) since shortly after its inception.

Among many other awards, Denim Group has landed on the "Inc. 5000" list - which recognizes the country's 5000 fastest-growing private companies - for five years in a row. In addition, the San Antonio Business Journal named Denim Group as one of the "Best Places to Work" in the city.


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