Risk Management to Cryptocurrency Exchange and Investors: Guidelines to Prevent Potential Threats

Chang Yeon Kim; Kyung Ho Lee

doi:10.1109/PlatCon.2018.8472760

Risk Management to Cryptocurrency Exchange and Investors: Guidelines to Prevent Potential Threats

Chang Yeon Kim, Kyung Ho Lee

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

20 Citations (Scopus)

Abstract

Investment and interest in cryptocurrency is rapidly growing. The price of each bitcoin, in particular, has exceeded 10,000 dollars as of November 2017, so we do not know how long the uptrend will continue. Although blockchain technology is more open and security oriented than conventional currency issuing methods, it is relatively ineffective in terms of distribution and management of cryptocurrency. The most common way to get cryptocurrency is trading through exchange and mining, which novices sometimes invest in without sufficient knowledge. Therefore, this paper analyzes vulnerabilities of potential cryptocurrency exchanges and individual user wallets. Moreover, this paper will suggest policy risk management methods using international standards such as from NIST and ISO. Blockchain, weaknesses of countermeasures management system, countermeasures to deal with them, management vulnerability of investors and management plan. Server management plan and personal action tips will be provided.

Original language	English
Title of host publication	2018 International Conference on Platform Technology and Service, PlatCon 2018
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9781538647103
DOIs	https://doi.org/10.1109/PlatCon.2018.8472760
Publication status	Published - 2018 Sept 25
Event	2018 International Conference on Platform Technology and Service, PlatCon 2018 - Jeju, Korea, Republic of Duration: 2018 Jan 29 → 2018 Jan 31

Other

Other	2018 International Conference on Platform Technology and Service, PlatCon 2018
Country/Territory	Korea, Republic of
City	Jeju
Period	18/1/29 → 18/1/31

Keywords

Blockchain
Cryptocurrency
Guidlines
Risk Management
Threats

ASJC Scopus subject areas

Safety, Risk, Reliability and Quality
Hardware and Architecture
Computer Networks and Communications
Computer Science Applications

Access to Document

10.1109/PlatCon.2018.8472760

Cite this

Risk Management to Cryptocurrency Exchange and Investors: Guidelines to Prevent Potential Threats. / Kim, Chang Yeon; Lee, Kyung Ho.
2018 International Conference on Platform Technology and Service, PlatCon 2018. Institute of Electrical and Electronics Engineers Inc., 2018. 8472760.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Kim, CY & Lee, KH 2018, Risk Management to Cryptocurrency Exchange and Investors: Guidelines to Prevent Potential Threats. in 2018 International Conference on Platform Technology and Service, PlatCon 2018., 8472760, Institute of Electrical and Electronics Engineers Inc., 2018 International Conference on Platform Technology and Service, PlatCon 2018, Jeju, Korea, Republic of, 18/1/29. https://doi.org/10.1109/PlatCon.2018.8472760

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Risk Management to Cryptocurrency Exchange and Investors: Guidelines to Prevent Potential Threats

Abstract

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Keywords

ASJC Scopus subject areas

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