Tag Archives: cyber currency

What is Blockchain and why is it such a hot topic?

What is Blockchain?

What is Blockchain

Blockchain job description critical to making the right staffing decisions

Why and what is blockchain? Blockchain technology is the application of Internet transasction process and data base technology in a way to store and to verify integrity. It is, primarily, a technology that uses cryptocurrency. With that, it enhances the trustworthiness of the transactions. Transactions become unchangeable once they are entered in the blockchain database. This is valid for all the data that the users use and share.

Typically, the blockchain application works with the most popular cryptocurrency, known as Bitcoin. It is a virtual currency that application uses to keep track of all the transactions that take place on the blockchain network. The applications of a reliable database like this can be many, and they are not limited or restricted to finance only. Information Technology architects are actively engaged in working with the Blockchain Technology.  In addition, these professionals are optimistic about finding new products or applications with blockchain. For example, after the successful implementation of a blockchain system, in all likelihood the application can be extended to suppliers and customers alike.

Blockchain challenges

The Blockchain developer is responsible for developing innovative solutions to challenging problems, including command and control and high integrity solutions. Perform complex analysis, design, development, testing, and debugging of computer software for distinct product hardware or technical service lines of businesses. Perform software design, operating architecture integration, and computer system selection. Operate on multiple systems and apply knowledge of one or more platforms and programming languages.

The Blockchain developer is challenged with legacy infrastructure that will be the main obstacle to successful implementations. This is coupled with the challenges of technical understanding – the practicality of implementing decentralized cryptosystems that fall outside of the traditional IT development skill-set.

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GDPR Compliance

GDPR Compliance is at risk with 3rd Party providers

GDPR Compliance

GDPR Compliance Management is more complex with the increased use of 3rd Party providers

Security and GDPR Compliance risks from third parties are on the rise. A security compliance study found that 56 percent of companies admitted to a security incident caused by a third party.

With GDPR now in place, security of third-party vendors and consultants is more important than ever. Their security failure will impact your company and could result in a breach of your data.

So how do you approach third-party security in a GDPR world? The first step is to know who your vendors are and other outsiders with access to your network. These tiers are based on the level and volume of data they have access to, determining which are the most critical. Companies need to know who has any access to their data and get an accurate understanding of exactly what information they can access, why, and how often. With this information in hand, you can then develop an accurate response plan.

GDPR compliance plans should also take into consideration all of your third-party vendors. Thus, when establishing a dedicated Data Privacy Officer (DPO), that person will help the company meet GDPR requirements and should keep tabs on third-party practices and data systems as they affect your business. Lunetta added:

To support the DPO with additional expertise on making decisions such as, “We need X solution to address Y compliance/security requirement,” it’s imperative for IT security teams to conduct regular self-assessments for uncovering gaps and determining options for remediating them.

GDPR Tips

Some tips for ensuring that your third parties are staying in GDPR compliance:

  • Address cybersecurity governance because while it’s one thing to invest in security solutions that help address personal data protection, it’s another to use them in a manner that is also GDPR-compliant.
  • Access Policy Governance – Having robust access controls isn’t good enough to comply with GDPR. Instead, you also need a set of policies that can be defined, implemented and enforced around how your enterprise controls access to personal data.
  • Pay attention to privileged.  Users, such as systems administrators, can circumvent standard controls inside of an application or a database. Identify those users, establish governance controls, and implement enforcement mechanisms through technology solutions such as network access control.

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Cyber Currency Hacker Target

Cyber Currency Hacker Target – Risk is High

Security Manual TemplateCyber Currency Hacker Target as the population of Blockchain applications expands.In the last year there was a boom in malicious cryptocurrency mining. That is where cyber attackers secretly hijack the processing power of computers, servers and even IoT devices and use it to mine for cryptocurrency. While it is not very lucrative in the short term, it is stealthy and can be sustained over a long period of time. Typically it is taking very little from each PC, most users don’t even know their machine’s processor is being used to line someone else’s pockets.

Ransomware a much more aggressive approach: pay up, or risk having your files permanently locked.

Both cryptojacking and ransomware continue to be widespread threats, other attackers are quietly deploy a potentially much more damaging threat: trojan malware.

Trojan malware sneaks onto your PC by disguising itself as something else, often hidden in a malicious attachment that’s distributed with a phishing email.

Trojan attacks range from those using commodity malware, with phishing emails spammed out in bulk in the hope of scooping up victims for the purposes of stealing their login credentials, banking information or other private information. Other attacks are far more precise, targeting organisations or even individuals to gain access to specific data or information: this can be for creating a persistence presence on their network for espionage, stealing data and selling it, or loading other malware onto the system.

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