• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Blockchain Futurist Conference, Toronto (July 21-22, 2026)
    • Wiki Finance Expo, Hong Kong (July 23-24, 2026)
    • CFO StraTech, Mumbai (August 2, 2026)
    • CFO StraTech, Bengaluru (August 20, 2026)
    • PROFX Expo, Cape Town (August 20-21, 2026)
    • CFO StraTech, Dubai (September 2, 2026)
    • PROFINEXPO, Bangkok (September 3-4, 2026)
    • Web3 Warsaw (September 9-10, 2026)
    • Forex Expo, Dubai (September 22-23, 2026)
    • Digital Assets Week in London (October 6-7, 2026)
    • 5th Fintech Week & Expo, Frankfurt (October 7-8, 2026)
    • iCrypto Awards: People’s Choice, Dubai (December, 2026)
  • Past Events

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Potential Loss of $220M In Bitcoin Shows Importance of Using Kanguru Remote Management & Password Reset

January 21, 2021 By Business Wire

MILLIS, Mass.--(BUSINESS WIRE)--A hard reality has hit Stefan Thomas of San Francisco, a programmer who kept the private keys to his digital wallet on a competitor’s hardware encrypted USB drive. Storing such important data on a password-protected, secure USB drive is a great idea, however Stefan has forgotten his password and only has 2 attempts left before the drive lock’s away his data forever. Hardware encrypted USB data storage provides the strongest protections against unauthorized access and physical tampering, especially data stored on a FIPS 140-2 Certified USB drive. Unfortunately his forgotten password is standing in the way between him and his $220 Million fortune in Bitcoin.



Kanguru realizes how detrimental it could be if critical data were to become inaccessible and unrecoverable due to a forgotten password. Kanguru highly recommends two secure methods for password recovery for its Defender® hardware encrypted USB drives: Self Service Password Management, and Kanguru Remote Management.

For less than ten dollars a year, Kanguru offers a subscription to Self Service Password Management™ (SSPM™), a secure, self-service password recovery option, allowing encrypted USB users to reset their password on Defender® encrypted drives if they forget their password. This service provides great peace of mind. Even if the user forgets the password, the information can be securely recovered. $6.95 a year would have been a small price to pay for Stefan to recover his $220 million dollar fortune.

Even better, for only $14.95 a year, Stefan could have purchased Kanguru Remote Management Console™ (KRMC™) which provides organizations and consumers the option to remotely manage their secure USB drives anywhere in the world. KRMC is a robust remote management service for IT Managers, Security Officers, or even consumers enabling them to manage all of their secure USB drives, reset passwords, locate lost/stolen drives, restrict use on certain domains, set security policies and much more. KRMC also includes SSPM, so administrators can leave it up to the individual users to securely reset should they need to do so.

Learn more about Kanguru Defender Hardware Encrypted Drives, KRMC™ or SSPM™.

Visit kanguru.com or call 1-888-KANGURU.

Kanguru is a global leader in manufacturing high-quality secure data storage products, fully-integrated remote management, duplication equipment and more.


Contacts

Don Wright, Marketing Manager
Kanguru
marketing@kanguru.com
(1) 508.376.4245

Filed Under: News Feed

Primary Sidebar

Press Releases

200+ Brands, 100+ Speakers Confirmed for Forex Expo Dubai 2026

July 2, 2026

DCSPay Signs MOU with Nexus to Support Payment Expansion Across the CROSS Ecosystem Following ONE Store Acquisition

July 2, 2026

How AI Powered Anti Fraud Systems Are Shaping Security in Crypto Casinos

July 2, 2026

Is cash still king? A look at crypto and online betting

July 2, 2026

Open USD backed by Blackrock, Visa, Mastercard, Stripe, Google, BNY Melon and more is coming to the Stellar network

July 1, 2026

Follow Us

Blockchain Futurist Conference

Wiki Finance Expo

Web3 Warsaw

5th Fintech Week & Expo 2026

iCrypto Awards

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2026 Crypto Reporter