Hardware wallet manufacturer Ledger has hired Charles Guillemet every bit master technology officer (CTO) where he volition oversee the company'due south security operations.

In a press release shared with Cointelegraph on December. five, Ledger said that Guillemet has been in charge of the company's security assessments for Ledger'due south products e'er since he started working at the firm in 2022.

Guillemet also founded the company's security department and evaluation lab, has assessed the security of competitor devices, and has disclosed vulnerabilities that contributed to the security throughout the blockchain ecosystem. Guillemet commented on his new position:

"Throughout my time at Ledger I have had the pleasure of leading a globe class team of security researchers that has prepare the standard for blockchain security. [...] Security and technology become paw and hand at Ledger, so my appointment to CTO is a natural extension of the disquisitional work nosotros are doing everyday to improve the security of the products nosotros build."

Guillemet told Cointelegraph that although security in the blockchain manufacture has significantly improved, hackers too go on to raise their tactics. Co-ordinate to the newly appointed CTO, security must continually innovate to keep step. He concluded:

"At Ledger, we are building sustainable security solutions that let both individuals and institutions to deeply take control of their assets. It is truly an laurels to serve as CTO at Ledger and lead the best security and tech teams in the industry."

Guillemet'due south LinkedIn profile further reveals that prior to his position at Ledger, Guillemet worked as a technical manager at CEA, the French Alternative Energies and Atomic Free energy Committee. Prior to that he worked every bit a cryptography and security evaluator at Cesti.

Ledger Vault secures $150 million crime insurance policy

In November, Ledger Vault, the custody arm of Ledger, procured a crime insurance policy adult with broker and risk advisory firm Marsh and insurance company Arch Insurance Limited.

The $150 one thousand thousand crime insurance policy applies to 3rd-party theft of the primary seed and private keys, secure transmissions of the master seed fragments, and insider Ledger employee theft caused past collusion. Demetrios Skalkotos, global head of Ledger Vault, said at the fourth dimension:

"The policy also covers the clients' onboarding process, their personal security devices and the secure encrypted communication channel that is established when using the Vault platform. This unique policy is a true end-to-end solution that gives our customers the flexibility to both store and motion funds without compromising on security and governance."