Ledger Bolsters Security Amid Crypto Hacks Surpass $1.4 Billion

Ledger SAS, the Paris-based maker of hardware devices used to store cryptocurrencies, is revamping its security structure in response to a surge in crypto attacks fueled by artificial intelligence. The company has hired Oded Blatman as its chief information officer and chief security officer.

The move comes at a time when crypto hacks have reached $1.4 billion, according to recent data. As companies like Ledger face the threat of increasingly sophisticated cyber attacks, they are being forced to rethink their defenses. Blatman will oversee not only cybersecurity but also physical and workplace security, as well as internal IT and enterprise risk.

Ledger's decision to combine oversight of its internal technology systems and security under a single executive is seen as a step towards enhancing the company's overall security posture. The appointment of Blatman is expected to bring much-needed expertise in security and infrastructure protection, helping Ledger navigate the complex threat landscape facing the crypto industry.