In the Next Cyber Wars, Bitcoin Blockchain Is a More Reliable Defense Than Central Systems

Cybersecurity has become one of the largest security threats to the United States, European Union, Russia, China and pretty much any other nation. Properly executed large-scale cyber attacks can simultaneously disrupt communication, ground military jets, or attack civil infrastructures such as hospitals, power plants and major cities’ communication.

Adeolu Fadele, President and Founder Cryptography Development Initiative of Nigeria (CDIN), says:

“It is now generally believed that the next wars will be fought online, that is why nation-state attacks are now common. For a nation to become or retain world power status in the digital age of today, such nations have to possess exceptional sophistication in cyber defense and attack.”

Perimeter security is unreliable

Existing cybersecurity systems have been vulnerable. In October 2016, A massive Distributed denial-of-service (DDoS) attack took several high-profile websites such as Twitter, Amazon, the New York Times, offline. This attack didn’t target any of these companies directly, but rather Dyn, the company that provides DNS services for each of those sites.

Fadele tells Cointelegraph that the inherent vulnerabilities in our present day systems are the major reason why perimeter defense has become a standard practice. Now that the traditional perimeter fences can no longer hold the fire posed by the Advance Persistent Threat (APT) type of attacks, the need for an attack resistant distributed ledger technology like Bitcoin Blockchain has become inevitable.

Better chances to survive

According to Grant Blaisdell of Coinfirm Blockchain Lab, Blockchain technologies could greatly decrease potential damage due to the simple fact that attackers would have to attack an entire mesh of systems instead of a central point. Moreover, there is a big chance that even if attacked the majority of infrastructure will be unaffected.

“When it comes to IT “perimeter security” is not the best strategy as it leaves targets vulnerable and isolated during cyber attacks. A distributed network with Blockchain-based decisions within it provide better communication and ability to counteract threats,” says Blaisdell.

Governments afraid of losing control

Considering why governments may be reluctant towards embracing the disruptive technology, Blaisdell says that such could be due to the irrational fear of losing control. For decades (or even centuries) all governments and public administrations centralize decision-making and crucial infrastructures but such a strategy is being proven inefficient and insecure with thousands of incidents like email leaks or data thefts. A Blockchain-based unified system for administration, security and even the military would drastically decrease the risk of attack and potential damage.

Source: In the Next Cyber Wars, Bitcoin Blockchain Is a More Reliable Defense Than Central Systems


Experts predict 2017’s biggest cybersecurity threats – TechRepublic

If 2016 was the year hacking went mainstream, 2017 will be the year hackers innovate, said Adam Meyer, chief security strategist at SurfWatch Labs. Meyer analyzes large and diverse piles of data to help companies identify emerging cyber-threat trends. “2017 will be the year of increasingly creative [hacks],” he said. In the past, cybersecurity was considered the realm of IT departments, Meyer explained, but no longer. As smart companies systematically integrate security into their systems, the culture hackers too will evolve.

“Cybercriminals follow the money trail,” Meyer said, and smart companies should adopt proactive policies. Ransomware attacks grew quickly, he said, because the attacks are “cheap to operate, and many organizations are not yet applying the proper analysis and decision-making to appropriately defend against this threat.”

Source: Experts predict 2017’s biggest cybersecurity threats – TechRepublic