Bahamas new digital currency will be the next testbed for innovative cybercrime attacks

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Cybersecuirty strategist and technologist focused on making digital technology trustworthy

4 years ago

In community: Cybersecurity and Privacy(e3e6)

The government’s Central Bank of the Bahamas has released the world’s first Central Bank Digital Currency (CBDC) - the “SAND DOLLAR”.

This is attracting the interest of cybercriminals as well as security professionals. As national currencies transform into a digital form, criminals will seek ways to steal and abuse monetary systems at a scale never seen before. The stakes are high and this will be the next emerging cybersecurity battlefield.

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