Did you know that your system is in danger of getting bypassed or hacked – and it’s just a matter of time before that happens? There are real-world cybersecurity threats that execute attempts every millisecond, and it’s up to you to protect your business from cybercriminals.
Navigating the online world has become a genuine concern over the last few years and, looking at how intense and sophisticated some of the recent hacker attacks around the world have been, it seems like things are bound only to get worse.
Impenetrable Technology to Stop Hackers
Even though hackers are getting better at hacking, combating them is also improving very fast. We already have a nearly impenetrable technology, known as the blockchain, which can be used to protect our data from cyber-attacks and improve cybersecurity across industries.
So how can blockchain technology increase the layer of your cybersecurity systems? Is that even possible?
Blockchain is one of the most secure data protection technologies. It has this special and unique system that protects you and your business from the inside out. The rapid advancements in digital technology have also introduced new challenges around data security. Organizations need to secure their data by implementing strong authentication and cryptography key vaulting mechanisms.
Blockchain technology has been up to the challenge of data security and in preventing malicious cyber-attacks. Blockchain has been nothing short of revolutionary for anyone using it. This is used in many industries like healthcare, finance, sports, and more.
If you are still clinging to traditional security approaches, then it’s time for a significant upgrade. Compared to conventional cybersecurity methods, this technology mainly motivates many Blockchain development companies to re-architect and reformulate the security concerns. Blockchain offers a true sense of bringing trust factors in the data, which is very important in today’s business landscape.
Crushing Vulnerabilities with Blockchain Technology
The high level of security offered by a distributed ledger system provides benefits to establishing a secure data network. Businesses providing services in consumer products and services adopt blockchain technology to secure record consumer’s data.
As blockchain is one of the significant technological breakthroughs of this century, it allows it to remain competitive without requiring the trust of anyone third party.
The technology is evolving new opportunities to disrupt business services and solutions for consumers. In the future, this technology will emerge with developing global services in various sectors as the front-runner.
Superior Encryption and Validation
Blockchain technology is proficient enough to manage everything so that data has not been altered in any way. Blockchain is encrypted by nature that makes it possible to provide proper validation.
Smart contracts can be used with Blockchains to ensure that specific validation happens when certain conditions are met every time. If someone changes the data, all the ledgers on nodes in the network verify that change.
Data Storage Security
Blockchain is the best way to secure the data of the shared community. Utilizing the capabilities of the blockchain, nobody can read or interfere with any sensitive stored data.
It is helpful to handle the data that is distributed across a network of people. Moreover, the technology could also be beneficial in public services to keep public records decentralized and safe.
Apart from that, the business model can save a cryptographic signature or a massive form of data on a Blockchain. This would allow users to remain to ensure that the data is safe. Blockchain is used in distributed storage software where massive information is broken down into chunks. This is available in encrypted data across a network in a way that means all data is secure.
Blockchain tech is impenetrable and impossible to attack. Blockchain is decentralized, encrypted, and cross-checked, which allows the data to remain strongly backed. As blockchain is fully loaded with nodes and to hack most of the nodes concurrently, it is impossible.
Being one of distributed ledger technology, its most fundamental attributes are data immutable. It offers a whole new level of succeeding security where any action or transaction cannot be altered or counterfeit. This technology validates every transaction to get confirmation by multiple nodes on the network.
What is Blockchain Technology?
Blockchain technology has been around for just under a decade, initially introduced to store and send the first cryptocurrency, Bitcoin. However, as the technology has gradually spread worldwide, people have begun using it in various ways in numerous industries, including as a means to increase cybersecurity.
How the Blockchain Works
Blockchains are distributed networks that can have millions of users all over the world. Every user can add information to the blockchain, and all data in the blockchain is secured through cryptography. Every other network member is responsible for verifying that the data being added to the blockchain is real. This is done using a system of three keys (private, public, and the receiver’s key) that allow members to check the integrity of the data while also confirming who it comes from.
A verified piece of data forms a block which then has to be added to the chain. To do this, blockchain users have to use their respective keys and robust computing systems to run algorithms that solve very complex mathematical problems. When a problem is solved, the block is added to the chain, and the data it contains exists on the network forever, meaning that it cannot be altered or removed.
To make updates to a particular piece of data, the owner of that data must add a new block on top of the previous block, creating a specific chain of code. If anything, even something as small as a comma, gets altered from how it appears in a previous block, the entire chain across the network also changes accordingly.
This means that every single alteration or change to any piece of data is tracked. No data is lost or deleted because users can always look at previous block versions to identify what is different in the latest version. Using this specific form of record-keeping makes it easy for the system to detect blocks that have incorrect or false data, preventing loss, damage, and corruption.
Another critical thing to note about blockchain users is that they can store all of the data in their network on their computer if they want to. This results in two things:
- First, they can earn money for renting their “extra” storage space
- Second, they ensure that the chain will not collapse. If, for instance, someone who is not the owner of a piece of data tries to tamper with a block, the whole system analyzes every single block of data to find the one that differs from the rest. If the system considers this block type, it simply excludes it from the chain, identifying it as false.
Data Protection at Its Finest
Blockchain technology is designed in such a way that there is no central authority or storage location. Every user on the network plays a part in storing some or all of the blockchain. Everyone is responsible for verifying the kept or shared data to make sure false data cannot be added and existing data cannot be removed.
Blockchain technology provides one of the best tools we currently have to protect data from hackers, preventing potential fraud and decreasing the chance of data being stolen or compromised.
To destroy or corrupt a blockchain, a hacker would have to destroy the data stored on every user’s computer in the global network. This could be millions of computers, with each keeping a copy of some or all the data.
Unless the hacker could simultaneously bring down an entire network (which is near impossible), undamaged computers, also known as “nodes,” would continue running to verify and record all the network data.
The impossibility of a task like taking down a whole chain increases with the number of users on a network. More extensive blockchain networks with more users have an infinitely lower risk of getting attacked by hackers because of the complexity required to penetrate such a network.
Bitcoin, too operates on blockchain technology. The entire blockchain is retained on a vast network of computers. So no person has control over history. Say a user buys bitcoins and pays another using bitcoins. Computers on the Bitcoin blockchain will rush to check the accuracy of the transaction. This step certifies everything that has happened in the chain. Thus, no one can go back and change things. So the blockchain can’t be easily tampered with.
This complex structure provides blockchain technology with the ability to be the most secure form of storing and sharing information online that we’ve discovered so far. That’s why innovators have begun applying the technology in different sectors to prevent fraud and increase data protection.
To make Blockchain transactions even more secure, users can benefit from VPN technology to mask their original IP address and spoof their online locations. The best VPN for anonymity lets users protect their data, so third parties can’t track their online activities at all.
Prevention of Distributed Denial of Service (DDoS) Attacks
The principle behind DDoS attacks is devastating but straightforward. Hackers can use several techniques to instigate an attack, essentially sending myriads of junk requests to a website, increasing traffic until the site can no longer meet the demands.
The attack goes on until the site gets overwhelmed with requests and crashes. DDoS attacks have been happening at an increased frequency recently, affecting more prominent companies like Twitter, Spotify, SoundCloud, and more.
The current difficulty in preventing DDoS attacks comes from the existing Domain Name System (DNS). DNS is a partially decentralized one-to-one mapping of IP addresses to domain names and works much like a phone book for the Internet. This system is responsible for resolving human-readable domain names into machine-readable IP addresses.
The fact that it is only partially decentralized means that it is still vulnerable to hackers because they can target the centralized part of DNS and continue crashing one website after another.
Blockchain and DDoS
Implementing blockchain technology would fully decentralize DNS, distributing the contents to many nodes and making it nearly impossible for hackers to attack.
Domain editing rights would only be granted to those who need them, and no other user could make changes, significantly reducing the risk of data being accessed or changed by unauthorized parties. By using blockchains to protect the data, a system can ensure that it’s invulnerable to hackers unless every node is simultaneously wiped clean.
Some companies are already implementing blockchain in this area to prevent DDoS attacks from occurring. For instance, Blockstack provides a fully decentralized option for DNS. The concept behind the company is to make the entire worldwide web decentralized by removing all third parties from managing web servers, ID systems, and databases.
If current DNS would operate on blockchain, users would still be able to register domain names, but only authorized owners would be able to make changes to their domains. Since the data would be stored on many different nodes and every other user on the network would have a copy of the actual data on the blockchain, it would be virtually impossible to hack or eradicate it.
Real-World Advantages of Blockchain Technology
Blockchain technology’s digital landscape is a package of security and transparency. Blockchain brings techniques to tackle data management issues, mainly related to security, privacy, and verification. There are many real-world advantages to using blockchain technology to ensure you have the best cybersecurity measures in place.
Innovative uses for blockchain technology are already becoming a part of other fields beyond cryptocurrencies and can be especially useful to boost cybersecurity. By implementing rigorous encryption and data distribution protocols on a network, any business can ensure that their information will remain safely intact and out of the reach of hackers.
With a wide variety of applications, the blockchain is used to establish secure networks. For secure data exchanges, blockchain development services securely are the best to challenge the traditional approaches. The adoption of Blockchain technology can improve the relationship between technology and users’ privacy.
As more people join the world wide web and technology continues to develop, more data is produced, and more hackers will attempt to steal or corrupt that data. This is precisely the reason why you have to keep your cybersecurity measures as robust as ever. The technology behind blockchain is versatile and incredibly useful for the future of the Internet, allowing users to secure their data with more confidence better.