Military company G4S offered a service to protect private digital assets
Group 4 Securicor (G4S, United Kingdom), the largest security services company in the world, offered protection for cryptocurrency assets owned by individuals and legal entities. According to Dominic MacIver, G4S senior risk analyst, the company uses the existing infrastructure to provide the service, namely, secure storage for high-value items.
In accordance with a specific algorithm, the customer of the service distributes encryption keys across several types of autonomous devices and transfers them to G4S storage. The devices are stored in different places that have limited access by third parties. Thus, the customer’s digital assets will be protected from attempts of unfriendly external attacks, and the customer himself will be protected from criminal encroachments for the purpose of cryptocurrency extortion. According to Financial Times, the largest European cryptocurrency exchange which is still unknown already became the client of G4S.