Ian Rogers of Ledger Slams Crypto Exchanges for 'Irresponsible' Security Practices, Downplays Quantum Threat to Cryptocurrency

Ian Rogers on Security Standards: Ian Rogers, Ledger's chief experience officer, criticized the crypto industry's security practices, emphasizing that security should focus on damage limitation rather than achieving perfection. He highlighted the risks of software wallets and mobile-first designs, which can mislead users about their security.

Quantum Computing Concerns: Rogers downplayed the immediate threat of quantum computing to cryptocurrency security, expressing confidence in Ledger's cryptography leadership and stating that the company is already preparing solutions for future challenges.

User Education and Responsibility: He argued that exchanges have a responsibility to educate users on security, advocating for hardware-backed security measures like passkeys and warning against the misconception that biometric locks are sufficient for protecting assets.

Product Development Philosophy: Rogers emphasized that Ledger's approach to security involves risk management and prioritizes a secure user experience, which may slow down product development but ultimately aims to protect users from potential threats.