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Graeme Steele, CEO of Cryptosense, explains the importance of Certificate Transparency Logs in ensuring the security of certificates and Certificate Authorities (CAs) on the internet. These logs help to verify the authenticity of websites and prevent fraud by tracking the issuance of certificates by CAs. By understanding how certificates and CAs work, users can ensure that when they connect to a trusted website, they are actually communicating with the intended server. This technology is essential for maintaining the security and trustworthiness of online transactions and communications.