Cybersecurity Takes Prominence alongside Blockchain Technology in 2017
The new year, 2017 started with a bang. Bitcoin price surpassed its previous high by increasing beyond the $1100 mark. The popular cryptocurrency’s underlying blockchain technology and its applications in fintech and other sectors is expected to peak during the year as well. While Bitcoin and Blockchain continue to scale new heights, the Bitfinex hack, ransomware attacks and other security breaches aren’t forgotten. The massive DDoS attack that almost disrupted the internet is also fresh in everyone’s memory. After making it through an eventful year, Bitcoin companies, banking and....
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DARPA, the defense research organization is heavily invested in promoting the use of blockchain technology for military applications. The immutable and secure nature of distributed ledger technology promotes transparency, accountability, and security across various industry segments. The defense and cybersecurity sectors stand to gain a lot from blockchain technology. There are a variety of cybersecurity projects that involves the use of blockchain technology. The potential uses of blockchain technology in security applications have got the US Department of Defense interested. Defense....
2017 is here. There is tremendous optimism for the future, but there is also reason for tremendous concern. Cybersecurity was one of the biggest stories of 2016. Now everyone is looking for a better solution – and not a moment too soon. With our current Internet-based infrastructure, every database, every server and every asset is vulnerable. This is, in many ways, because the Internet was not built for security – cybersecurity describes protections added to a vulnerable system. And while many digital natives were raised on the understanding that cybersecurity is an integral part of life,....
IBM Vice President for Blockchain Technologies Jerry Cuomo recently testified before the Commission on Enhancing National Cybersecurity on how the blockchain can benefit transactions, eWeek reports. Cuomo is persuaded that the technology could potentially cause a tectonic shift in the way financial systems are secured and that government, technology companies and industries should work together to advance blockchain technology to enhance national security. The Commission on Enhancing National Cybersecurity, announced in April, is tasked with making detailed recommendations on actions that....
New technology also means new responsibilities. Security is key in the digital age. As internet banking comes of age, so too do new ways of stealing funds. That makes cybersecurity central to modern banking, according to David Leach, JPMorgan Chase’s Asia-Pacific head of cybersecurity and technology controls."It’s a competitive disadvantage not to have a robust cybersecurity capability that you can demonstrate,” Leach said during a BlockShow conference panel on Tuesday.Before the internet took over, customers mainly asked about banking and financial entities’ services, not about their....
Manifold Technology is positioning itself to capitalize on the inevitable blockchain database industry. As Bitcoin’s blockchain technology continues to gain mainstream recognition from the very businesses that previously shunned it, large institutions still struggle to decide what to do with the blockchain. All they know is that this new technology is supposedly more secure, and they want to learn more about it. Manifold Technology was founded by Chris Finan and Rob Seger. Finan was the White House Director for Cybersecurity Legislation and Policy under Obama and helped draft the....