Tired of passwords? Here's how blockchain can help and enhance cybersecurity.
Financial institutions, credit institutions, large corporations, and small businesses all have regular news of security breaches (this list of the top 17 security breaches from CSOs shows the breadth of the problem).
Because of these breaches, the average consumer needs to take steps to protect their personal information.
This is where blockchain technologies come in handy as they are disrupting the field of cybersecurity in terms of how to better protect independent users. As IBM explains in this article, security and transparency are part of the block's overall commitment.
Before an individual shares personal information or logs into a favorite website, he or she must decide what to share. Thanks to blockchain, cybersecurity is better than ever. The company focuses on keeping your information safe, focusing on access, detecting cyber attacks, securing connected devices and eliminating the need for passwords.
That's right! No more passwords
To get rid of those annoying passwords in daily life and business dealings, REMME.io provides a secure and comprehensive blockchain connection solution for authentication: this solution has the possibility to generate an individual SSL/TLS certificate instead of Force users to log in manually to completely disrupt our password-heavy online lives.
REMME does this by using Hyperledger Sawtooth (based on Public Key Infrastructure (pKI)) and other access management applications for user information as its foundation.
In short, Hyperledger Sawtooth reflects the fact that traditional passwords are not as secure as they are easily hacked or users forget or lose access. REMME provides fully secure authentication in the form of SSL stored on the blockchain, not passwords, so there are no authentication servers or databases that could be compromised or manipulated. By eliminating the need for passwords, REMME's solution eliminates password-related problems.
More good news! No more DDoS attacks
Gladius offers a new approach to combating Distributed Denial of Service (DDoS) attacks. These attacks occur when a hacker takes control of a device and directs it to a specific server.
Think "zombie" traffic (so named because of the explosion of useless traffic from traffic with Google nicknames in recent years). Zombie traffic will flood the victim server's bandwidth and can cause severe downtime and damage a business's productivity and reputation.
In the fourth quarter of 2017 alone, as described in this security list article, DDoS attacks occurred in 84 countries and lasted up to 146 hours. These attacks can be costly: The article estimates the average cost to businesses to be $2.3 million in 2017.
Of course there's a lot at stake, but Gladius has a solution. Its approach includes using blockchain to build a network of users who can share bandwidth and resources to help others fight DDoS attacks, and to speed up website load times by deploying an extensive network of caching devices (CDNs).
In the event of an attack, victims can leverage their peers' bandwidth to help absorb traffic and prevent downtime; and, with this solution, users can help cache content and serve websites when they're calm.
In return, users who donate bandwidth to struggling members are rewarded with crypto tokens. This is a new and exciting way to deal with DDoS threats, creating a new model of incentivized resource sharing.
White hat hackers join forces
As cybercrime increases, so does the cybersecurity industry. Now, it's a huge and expansive field full of new companies and innovations. There are plenty of people capable of carrying out their own cyberattacks who choose to fight for the good and help defeat the hackers.
Hacken wants to harness all these powers and use blockchain to build a cybersecurity community that cares about ethics. Members of this community will be able to share resources and expertise in exchange for Hacken tokens.
For example, companies will be able to share information about their vulnerabilities, while white hat hackers come up with ways to address them. This information will then be publicly stored on the blockchain for future reference.
Not only does this setup help fight crime, it also encourages investment in cybersecurity startups and helps support this growing and valuable industry for the benefit of all.
The future of cybersecurity
Blockchain technology has the potential to disrupt the way we navigate cybersecurity by keeping your information safe, detecting cyberattacks before they happen, eliminating passwords entirely and bringing white hackers together.
There is no doubt that blockchain can have a profound impact on cybersecurity because at its core is a secure and encrypted database. This database is immutable, transparent, and most importantly, resilient.
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