George Sax will be the new Global Head of Security at a crypto company. Sax, a highly efficient former deputy assistant director of the United States Secret Service recently joined Blockchain.
Sax was responsible for combating cyber-related financial crimes and developing programs to protect the U.S. financial infrastructure in his 25-year career. He also had the opportunity to protect several of U.S. presidents and as well as their families. Most recently, he spearheaded the security for the 2016 U.S. presidential campaign as well as Donald Trump’s 2017 U.S. presidential inauguration.
Sax believes that Blockchain is contributing much in building a fairer financial future by democratizing access to digital assets.
The news spread at a time when so-called cyber robberies are not yet common. Just last August, Fortune were able to speak with more than a dozen victims, including technology Chief Executive Officers and as well as popular blockchain proponents, whose Coinbase accounts were emptied.
That’s exactly what Blockhain is trying to avoid by hiring Sax. The startup’s co-founder and CEO Peter Smith said that Blockchain is “among the top targets in the world for security threats.”
Blockchain created a bitcoin wallet which stores digital currencies and carries out transactions. The company raised more than $70 million in funding from investors giant investors. As reported, it managed more than 26 million digital wallets across 140 countries.