What are the risks of using an open-source cryptographic

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Question 1- What are the risks of using an open-source cryptographic option as technology becomes more complex over time? Does it honestly make a difference? Why or why not?

Please have a conclusion and add list your reference/s

Question 2- It is one thing to find the vulnerabilities and hardening them but totally different to find the culprits, fine them and change the behavior of the Hackers. We need clear laws, penalties, courts to assess the fines and police to enforce them.

These are more challenging for Global products like Crypto-currency. We hear millions of Bitcoin got hacked. Does original owner have right to claim back? Can a US Court fine the hacker?

Research on what is current legal framework for Crypto-currency ( authority, laws and enforcement) in USA and in your state. What are the risks of a Bitcoin Crypto-currency system? Prepare a Risk Register in a Excel File similar to shown in Ch 17 for Bitcoin and share.

Reference no: EM133422708

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