Cybersecurity faces new challenges with advances in AI, cloud technology and increasing cyber threats. Solutions such as blockchain are emerging to support data security and trust.
Cybersecurity faces considerable challenges in light of recent technological developments, from artificial intelligence to exposed programming vulnerabilities. At the same time, emerging attacks on cloud, hardware, and machine learning are hampering business progress as hackers and illicit actors create subtle but complex breaches and other similar threats.
As businesses increasingly struggle to address these issues, new solutions such as blockchain technology are emerging to promote best-in-class security and innovation. Digital ledgers are transparent and immutable, borrowing security elements from their consensus mechanisms.
An example of such a blockchain is Tron, an ecosystem whose tools offer developers the ability to use smart contract technology to create decentralized applications. The native token powers the network, so the price of TRX is influenced by bandwidth efficiency, which dictates the level of network congestion.
The Tron blockchain is just one of the emerging technologies whose features can protect the integrity of customer data in the real world. Here’s how.
Blockchain and cybersecurity audits
Cybersecurity audits are imperative in this world of rapidly evolving technologies. First, audits help identify and mitigate future risks, comply with regulations, and maintain business continuity. However, not all companies carry out the audit correctly, as it can extend over a longer period.
This is why blockchain could be used for cybersecurity audits. Since the ledger is immutable, each data record is tamper-proof, meaning no one can interfere or modify the data sets. Blockchain thus becomes a tool for monitoring and evaluating security incidents. At the same time, since blockchain data is transparent to everyone, it is easier to decide whether the data complies with current regulations.
A blockchain audit can also target special attacks for the ledger, ranging from 51% attacks to smart contract vulnerabilities. Some of its key elements include the following actions:
- Review of the smart contract code;
- Review of network architecture;
- Evaluation of the consensus mechanism;
- Private key analysis;
- Third-party integrations;
Blockchain and threat response
Threat response management involves all the tools and actors involved to act as quickly as possible in the face of a cybersecurity alert. Identifying, containing and mitigating a threat are essential methods to avoid further issues with data theft, financial problems and damage to brand reputation.
Blockchain automation features are the best solution to automate these incident responses. The digital ledger leverages real-time threat data in a decentralized manner, so the response will not further compromise data security. Decentralization and automation also establish another level of security on ecosystems due to the complexity of system manipulation.
One of the best features when it comes to indecent responding involves smart contract automation. Developers can establish code that automatically triggers the smart contract to operate when certain conditions are met, such as a cyberattack. For example, when the blockchain identifies signs of an attack, such as employees receiving strange emails or noticing redirected internet searches, the smart contract immediately notes the important components and isolates the attack as effectively as possible.
Protection against blockchain and DDoS
A distributed denial of service attack can leverage multiple sources of data traffic, from computers to IoT devices, to achieve maximum efficiency by disrupting a server’s regular traffic. Malicious attempts are among the most difficult to manage as an IT infrastructure, and there are many types of DDoS attacks, each with unique characteristics.
Blockchain technology can protect servers against such risks by increasing resilience and improving service availability. The distributed network leverages resources dispersed across the ledger, using multiple control points. Therefore, it is considerably difficult for hackers to overwhelm all nodes with traffic, reducing the chances of this happening.
Digital ledger strategy can help businesses absorb and mitigate attacks, providing them with the ability to continue operating even when faced with a potential attack. Therefore, no attack can cause any disruptions, enabling businesses to overcome such challenges.
Blockchain and Zero-Trust Security Models
The Zero Trust security method for protecting networks is one of the latest and most effective strategies to address modern infrastructure challenges. In this model, everyone involved in the organization must comply with authentication, authorization, and validation requirements to access data and applications.
Since this process may require time and resources, the best option is to approach blockchain technology to sort it out. A digital ledger is much more effective for identity verification and access control because it eliminates unauthorized access and, therefore, insider threats.
Blockchain ensures that every access request is thoroughly analyzed, regardless of its origin, to secure the ecosystem. This means the ledger can better respond to suspicious activity in real time.
Blockchain and file storage
Storing data files is necessary for every business because they contain important information supporting its development and innovation. However, given their values, companies must largely protect these resources against unauthorized access, whether accidental or deliberate.
Currently, most companies work with centralized storage systems, which are significantly exposed to threats. On the other hand, a decentralized approach is superior because it distributes information across a large network, eliminating the risks of a single point of failure. Therefore, datasets are less exposed to breaches since privacy is secure.
Indeed, the decentralization of the blockchain guarantees the storage of files by fragmenting and encrypting the files before distributing them on the network and on several nodes. So even if one or a few nodes are compromised, the data still resides in the others, making it inaccessible to unauthorized access.
Critical data can be secure and valuable even in the face of cybersecurity threats through efforts to maintain data resilience and availability. At the same time, blockchain’s multiple nodes and access points make it easier to establish a plan to deal with a potential attack.
What do you think of blockchain for cybersecurity?
In a rapidly changing technological world where data is most important to businesses and users, we need to find better ways to protect information. Blockchain is capable of creating a new era of data security in which resilience is a priority. For example, blockchain can perform enhanced data audits, respond to threats in no time, and store files across multiple nodes. Therefore, it brings a more effective method to ensure data security.
Editor’s note: This content is for informational purposes only and should not be considered financial, investment or legal advice. Always consult a professional for advice tailored to your specific situation.
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