Former Bakkt Security Head Adam Healy Joins BlockFi

BlockFi, a platform offering crypto interest account and lending services, has announced on Tuesday the appointment of Adam Healy as its chief security officer.

At the new role, Healy will be responsible for strengthening BlockFi’s security measures to enhance the protection of its client data, digital assets, and other proprietary information. His role will also include information security, cybersecurity, and physical security, the press release shared with Finance Magnates stated.

A need-of-the-hour hiring

This appointment has made only a month after BlockFi suffered a data breach, costing personal information of its retail clients.

“As interest in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term increase across a more widespread audience, it’s only natural that more sophisticated threat actors will increase as well,” Healy said in a statement.

“Given that cryptocurrencies, and more broadly digital assets, are well on the way to becoming a more adopted asset class, and with BlockFi already leading the charge to make it so, we are making considerable investments to enhance our existing security controls across all areas where risk may exist.”

Healy is a well-known cybersecurity expert in the crypto industry and served as Bakkt’s chief information security officer and vice president of information security for a year. He joined Bakkt from Digital Asset Custody Company after its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term in April 2019.

Prior to that, he led security measures at TrestleTree and Palantir Technologies and also spent around a couple of years at Microsoft.

Last month, BlockFi also made two major appointments from the Wall Street - David Olsson as the global managing director and Witney Rachlin as chief growth officer.

“There is a powerful tailwind propelling the crypto industry forward right now, which is evidenced by the current macroeconomic landscape and a bolstered global demand for digital dollars,” Zac Prince, founder and CEO, BlockFi, said.

“BlockFi operates at the intersection of the crypto and traditional financial world, and as digital asset market momentum burgeons into the mainstream, we will continue to build out our team and carve a clear path forward to fuel the next generation of digital finance.”