kaal:claim:3936876-030

Every risk in a digital custody operation should carry both a preventative and a detective control, layered so that if some controls fail others remain to reduce the risk.

Source quote, verbatim

Every risk should have a preventative and detective control and there should be appropriate layers of controls so that if some fail, others will still be there to reduce the risk.

From

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), III.2 OCC Requirements, p. 25
https://ssrn.com/abstract=3936876 · source PDF

Cite as

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

Holds when

digital asset custody risk management programs

Classification

designsupport: arguedrisk-and-incentivesdeficonsensus-and-security

Verify

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