There is little doubt that so-called dark hats have taken over the internet leaving it exposed, weak and vulnerable to any bad actors to use it as they will. Not only are IT systems archaic and outdated, there is also a global skills shortage, which according to Cisco, is more than one million people.
In recent months, there has been a slowing of attacks as the world’s companies and governments (usually in that order) struggle to contain the tsunami of attacks. To some extent, it is working, but that doesn’t mean the threat has gone away; far from it. The gaps are too wide to narrow, the current system is probably beyond repair.
That is why the panacea of blockchain is needed so desperately in cybersecurity. Whether it’s anti-virus software, IoT and router defenders or even DNS attacks on websites, the problem is endemic. Blockchain, of course, cannot cure all the world’s ills, but in a list of priorities, uniting with cybersecurity would be one of the most exigent. The internet needs to be healed as soon as possible.
Some companies in the US are already working in this space. Heroic.com launched an ICO to raise $41 million to ‘decentralize cybersecurity and make AI-powered protection available to the masses’.
In the UK, there are also moves to slay the dragon of the insecure internet, not by England’s patron saint, Saint George, but by a London-based Anglo-Nigerian entrepreneur called Tayo Dada and his rising company Uncloak.
Computer hacking is the world’s largest infrastructure problem and Uncloak wants to change this for both small and large businesses. The current cybersecurity model is broken and we need not only to disrupt it, but to fix it, so we can have a more secure internet.
Uncloak describes itself as the world’s first blockchain-powered cyber threat solution putting all businesses one step ahead of hackers. The company was founded in 2016 by an experienced London-based team of cybersecurity experts.
It does this by using advanced technology to check the public internet and the Dark Web for new cyber threats before any other type of existing IT security system. The company works with a global team of IT security experts collaborating in resolving cyber threat vulnerabilities through a fully automated system on the blockchain.
This ‘next generation’ cybersecurity system highlights cybersecurity issues in an organisation’s computing equipment to ensure businesses remain compliant and aware of upcoming security issues.
Founded by the aforesaid Tayo Dada, cybersecurity expert and keynote speaker at global cybersecurity events, Dada wants the merging of cybersecurity and blockchain to fix what is clearly a vulnerable sector. Uncloak’s merging of cybersecurity and blockchain follows the understated story about blockchain’s history with Bitcoin.
While the currency’s value has been volatile and there have been examples of breaches and theft from insecure exchanges, there is also another very important legacy of the Bitcoin blockchain.
In the nine years of its ‘formation’, Bitcoin has successfully warded off cybersecurity attacks, a statistic that is sometimes forgotten when other less salubrious stories about the currency abound.
If Uncloak finally comes up with the formula to link the cybersecurity-secure blockchain with the cybersecurity-insecure internet, then it will have the keys to the kingdom.
Let’s hope these keys are forever encrypted and the internet becomes a safe place to talk again, the world needs it.