Blockchain technology has trickled into each area of our lives from banking to healthcare and beyond. Cyber protection is an industry which has been remarkably affected by this technology with a scope for more in the future. In short, blockchain may be used to defend our information from cyber attacks and enhance cyber protection throughout industries.
Cyber Crimes have end up the latest battles to look forward to by the enterprises. Whether it is a company, a healthcare system, a university, government office or a military system, cyber crimes can creep in any of them to grab data and information.
This information is then used with malicious intention to either hack the site or rob money out of them. This makes any ecosystem at the web, quite vulnerable to the bot attacks. In fact, the price of malware attack on a employer is on common expected at $2.4 million. Due to this risk, more and more company owners are making an investment in technology that stops the war on the web.
WHY BLOCKCHAIN TECHONOLOGY IS BEST FOR CYBER SECURITY?
Tons of sensitive data enters an ecosystem like ecommerce website, healthcare corporations and organizations of all kinds. The data enters through IoT devices, social media platforms, cloud storage spaces and many different loose ends at the web.
Blockchain technology tightens these loose ends to make sure that there isn't always an atom of data being floated without encryption. This way, it nullifies cyber attacks to keep data secure. Let us check how Blockchain enables to prevent cyber crimes.
BLOCKCHAIN OFFERS DECENTRALIZED STORAGE
The concept of storing data in one place or single server makes its vulnerable to cyber attack. The hacker simply needs to break the safety of that one area and grab all records. This is without problems ruled out by the use of Blockchain based storage solutions, which stores data in archived form at different locations.
The access is simplest via cryptographic access key, which may be easily revoked when sensed with a threat. This way, hackers can not enjoy a single point entry and data is saved effectively in repositories scattered throughout the Internet.
According to the reviews of symantec, cryptojacking reduced by a huge 52% because of the usage of crypto currency offered by Blockchain. This is a grand achievement which blocked ransomware to minimize cyber crime.
INTERNET OF THINGS ARE SAFER WITH BLOCKCHAIN
Hackers commonly hack the fundamental devices that join systems. Be it routers, switches, cameras, thermostats or nodes, they may be all at risk of threats. Statistics suggest that 90% of the cyber attacks because of infected devices linked through IoT.
Hackers can easily access the credentials and records floating among those gadgets and execute their plan. By the use of Blockchain, data exchange among various devices may be stopped on a suspicious ground. Even devices may be designed to shape networks that prevents any node that behaves abnormally.
Timely communication among remote gadgets to pass the message of chance is possible thru Blockchain. By developing a decentralized flow of records, it makes it honestly difficult for a hacker to crack in. Its next to impossible to break such high level of protection which could block nodes and not provide permission for data exchange.
BLOCKCHAIN MAKES PRIVATE MESSAGES SECURE
A large quantity of malicious software program is discovered to spoil records floated on social media sites, public websites, twitter handles and different structures of public interaction. eCommerce is the most undefended platform on this regard.
Meta data is extracted from clients to know their preference, shopping behavior and design better advertising jigs to growth sales.
Even now, there are many apps that lack adequate mechanism to encrypt go messenger dialogue. Blockchain provides a layer of safety through encrypting all messages and securing each node which include the ones related to distinctive structures.
By the use of decentralization, it continues the records secure and still connects the social media platforms. This way, it allows in secure flow of records from one platform to another.
There are many extra levels where Blockchain Technology may be used to impart safety to the system. Many businesses have become aware of this trump card and are already making an investment in it.
These stats show that Blockchain is making its mark in the realm of cyber security and slowly envelop organizations and data flow factors at the Internet.
