U.K.-based security services company G4S (CO:G4S) now offers a crypto custody service aimed to protect investors' holdings of digital assets.
Announcing the move in a press release on Oct. 16, the firm said, with the rising popularity of cryptocurrencies, it developed the new service to offer "high-security offline storage that helps to protect assets from criminals and hackers."
The crypto sector has seen huge losses related to hacks this year alone. According to a recent report from blockchain security firm CipherTrace, nearly $1 billion was stolen in the first nine months of 2018, as CoinDesk reported last week.