Security for bitcoin accounts.

[Fadingnight]

Hi,

What are the benefits of using bitcoins in business? Does anyone know about it? I am hearing very high about using bitcoins especially for international trades to the Asian market.

I wish to know the security concern on using bitcoins. I heard a vlog that bitcoin accounts are prone to attacks from botnet malware http://www.storagepipe.com/blog/DDoS-Bitcoin-Brute-Force-Malware/ What are the preventative measures for that?

Are they any safer than other traditional online payment systems? Please share your suggestions and thoughts.

 

[Retronym]

You can implement institutional MULTI-SIG custodian accounts, meaning multiple custodians who have to cosign approval of spends, each from their separate phones, laptops and/or hardware wallets. This assigns multiple passwords to the Bitcoin address (where the money is stored). You can take this further in software wallets like Copay by assigning secondary spend authorization codes, in addition to the aforementioned passwords.

https://www.ledgerwallet.com/products/3-ledger-hw-1