How To Manage Blockchain Cybersecurity Challenges
Read this report if you plan to deploy blockchain in your business. McAfee has noted a huge cybersecurity related issue associated with blockchain technology. Do not ignore the risks especially the endpoint mining and cryptojacking risks.
“Like so many other new robust technologies, blockchain can have a revolutionary impact in solving very real business problems, but only so long as security does not fall victim to urgency in the rush to adopt the technology,” said Raj Samani, chief scientist at McAfee. “Given blockchain’s potential for creating value, and the tremendous enthusiasm to implement it, cybercriminals will seek every opportunity to strike at all available technical and human vulnerabilities in the emerging blockchain ecosystem. Governments, cybersecurity vendors, and businesses must be diligent in understanding the threats and minimizing the risks. Without adequate education for users and industry, secure implementation best practices, and strong technical security standards, the widespread adoption of blockchain by major industries and governments could end up costing billions of dollars and impacting millions of people.”