Security of Digital Assets Using BlockChain
Overview
As a body of technologies, processes and practices cybersecurity is designed to protect networks, computers, programs and data from attack, damage or unauthorized access. But, One of the most problematic elements of cybersecurity is the quickly and constantly evolving nature of security risks.
Adam Vincent, CTO-public sector at Layer 7 Technologies, describes the problem:
“The threat is advancing quicker than we can keep up with it. The threat changes faster than our idea of the risk. It’s no longer possible to write a large white paper about the risk to a particular system. You would be rewriting the white paper constantly…”
Analytics: Network Breach Activities
In 93 percent of cases, it takes attackers few minutes or even less to compromise systems. However, organizations can take weeks or more to discover a breach even occurred.
It is important for our government organization to have a real-time analytics platform in place that helps continuously detect potential breaches inside and outside the firewall.
According to Forbes, the global cybersecurity market reached $75 billion for 2015 and is expected to hit $170 billion in 2020. Now, when a huge amount is at stake for even more valuable data, Is it any good to say that the threat will always be there ? Not if, there is a technology like Blockchain available.