Article: Blockchain Technology Reduces the Attack Surface in Identity Management

Blockchain, Cyber-Security, Innovation

Blockchain Technology Reduces the Attack Surface in Identity Management

Blockchain technology is evolving and has more potential to evolve to become one of the most trustworthy forms of carrying out digital transactions in digital network realms. Blockchain technology, as it is designed and intended, is basically well-known for information integrity insurance. Numerous sectors can attain benefits from it if it is utilized in the best way possible. One of the best utilizations of blockchain technology is using its integrity assurance for developing cybersecurity solutions.

Following are use-cases of blockchain technology enterprises must acquire for the enhancement of cybersecurity protocols.

  • IoT Security
  • Decentralizing Medium Storage
  • Securing DNS and DDoS

Article: How Blockchain Technology Is Helping Small and Big Businesses to Grow Better

Blockchain, Cyber-Security, Innovation

How Blockchain Technology Is Helping Small and Big Businesses to Grow Better

Blockchain technology is revolutionary and its ubiquitous application across industries is mind-blowing. While it seems too early to categorize it as the ‘alpha’ solution to many existing industrial security and trust challenges, it’s great to know that blockchain technology is surely growing and its application is entering the realm of both small and big businesses globally.

In this age, it’s crystal clear that the rate of competition among businesses today is extremely high. And to gain a competitive edge over others in the market, your business tactics have to flow with the current trends that appeal to your consumers. Interestingly, blockchain happens to be one of the trends offering amazing solutions to help businesses — finance, gaming, ecommerce, etc to grow better.

Read full article

Article: IoT and Blockchain: The Future of Smart Cities

Blockchain, Cyber-Security, Hardware

IoT and Blockchain: The Future of Smart Cities

Existing smart city concepts include within themselves a variety of equipment with sensors for collecting data. This could be driverless transportation, drones for the delivery of goods, city cameras for monitoring, automated stoplights, and any other equipment for that matter. This makes the collection of personal data an inevitable fact, which is why it is necessary to prevent this data from being accessed by unwanted third parties.

The collection and storage of personal data create a risk for the personal lives of every human being. Developers of solutions for smart cities must provide a transparency policy for the exchange, confidentiality, and security of data for end-users.

This is exactly why blockchain technology opens up the possibility for all participants of such a process to collect and exchange their data with a high level of reliability and security without the involvement of a sole centralized administrator or intermediaries.

Read full article

Article: How Blockchain Can Make Access Management More Secure

Blockchain, Cyber-Security, Data

How Blockchain Can Make Access Management More Secure

Having strong brakes doesn’t make a car slower, but in fact, powerful brakes allow cars to be made faster due to their ability to halt vehicles at higher speeds. Similarly, adding multiple layers to fortify identity access and management won’t slow down an organization’s ability to have access to important data. It will, in fact, expedite the process of getting the requisite information when the situation requires it. Needless to say, blockchain identity management will definitely form one of these layers of fortification in future enterprise networks and it’s only a matter of time when it does.

Article: Why Blockchain Could Have Mitigated the Colonial Pipeline Shutdown

Blockchain, Cyber-Security

Why Blockchain Could Have Mitigated the Colonial Pipeline Shutdown

Had the company been using blockchain-backed smart contracts to automate its commercial transactions, such as billing, each transaction would have been stored in a distributed ledger that was shared among trading partners. If any single part of the network went down, it could have been reconstituted from other parts of the network to create a self-healing infrastructure to be back up-and-running in under 24 hours, avoiding the need for a prolonged shutdown.

With distributed ledgers, a cyberattacker must compromise every copy of the ledger in multiple company’s environments in order to hold any particular piece of data ransom, greatly increasing the effort required by a hacker and mitigating the risk of one or two participants being compromised. While many details are still to come in regards to this particular hacking event, it will catalyze more companies to take a hard look at their current business systems and undertake stronger risk mitigation strategies to combat the ploys of sophisticated cybercriminals.

Read full article

Article: Debunking cyber security misconceptions about edge computing

Cloud, Cyber-Security, Decentralized Internet

Debunking cyber security misconceptions about edge computing

The first layer, Network segmentation is essential as the edge perimeter expands. It works by breaking up a computer network into segments, enabling better control of data traffic and also limiting how far an attack can spread.

This can be further improved using data diodes and unidirectional gateways, which allow traffic to flow in one direction only, preventing sensitive data to be leaked should an edge device be compromised.

Next is an intrusion detection system which can identify and alert users of potentially malicious traffic that could damage, disrupt service, or impact availability of systems running on the edge.

Read full article

Article: How blockchain is providing the foundation for the next generation in cybersecurity

Blockchain, Cyber-Security

How blockchain is providing the foundation for the next generation in cybersecurity

Blockchain as a means of securing data is being used by Barclays to secure fund transfers. Lockheed Martin, a massive US defense contractor, uses blockchain to implement cybersecurity protocol measures in engineering systems, supply chain risk management and software development. It speaks volumes that the security of some of the most dangerous weapons in the world can be trusted to blockchain.

Even the US government itself, recently conducted a report to analyze how blockchain could be used to better secure their network, having concluded 84% of all government agencies fail basic encryption standards.

Read full article

Article: A People-Centric Approach to Securing Cyberspace

Civil Society, Cyber-Security

Colonial Cyber Attack, Ransomware Impact Raises Alarm About Internet FutureA People-Centric Approach to Securing Cyberspace

Resolving these competing visions of the digital future will be key to reining in cybercrime and defending data privacy from governments and Big Tech, but it will require the same kind of global response that precipitated the rise of the climate change activism. The truth is, if we want to save the internet from becoming the hunting ground of criminal bandits, dictators, demagogues and wealthy tech dilletantes with a political axe to grind, the public itself is going to have to take radical action.

Read full article

Article: Are open-source password managers safe to use?

Cyber-Security, Open Source, Software

Are open-source password managers safe to use?

It’s easy to understand why some users might be put off by open-source password managers. However, the reality is that they’re generally more trustworthy and safe than closed-source alternatives.

When you enable multiple users to audit the code, you can be more confident that anything that may have been missed is identified. This extra level of scrutiny leaves users less open to vulnerabilities. Although you can never fully guarantee the security of a password manager, they most certainly encourage better practices, like not using the same credentials for multiple accounts and creating more complex passwords.

However, open or closed source is just one thing to consider. Before you make a decision, do your research to ensure you’re choosing one of the best password managers for you and your needs.

Read full article

Article: Blockchain Floated As A Solution For Medical Data Hacks

Blockchain, Cyber-Security, Data

Blockchain Floated As A Solution For Medical Data Hacks

Ally Medina, director of the Blockchain Advocacy Coalition in California, said that using verifiable credentials could be the solution. With this model, patients are the only people with access to information.

Verifiable credentials are the digital form of physical identification. Exchanging health records using verifiable credentials ensures health records have been transferred from doctor to patient. It does not store the record itself, making it an advocated option for new health tech companies.

Third parties holding personal information spark cybersecurity concerns, but verifiable credentials make hacking more difficult. The most recent technology developments are for proof of Covid-19 testing or vaccination.

Read full article