Atlantic Council looks at how to maintain central bank digital currency cybersecurity

Atlantic Council looks at how to maintain central bank digital currency cybersecurity


The U.S. thinktank Atlantic Council released a report Wednesday on cybersecurity issues related to central bank digital currencies (CBDC). The authors provide a generalized discussion of CBDC security, but with a clear focus on the United States and issues specific to it.

They determined that the security risks presented by a CBDC depend heavily on its design, with performance, security and privacy being balanced variously in different designs. The report looked at six design options, only three of which are being considered or deployed in real life.

Privacy was identified as the main risk from a CBDC for consumers. In some designs, a CBDC could store a record of user activity and transactions, leading to the risk not only of thetheft of funds but also the theft

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