The WEF [World Economic Forum] has recently published a ‘report‘ concerning ‘blockchain‘ cybersecurity. The report outlines that the majority of data breaches don’t result from the level of abilities of the hackers, however instead they happen as a result of appropriate security measures that aren’t usually enforced. The WEF further claims that while attackers do compromise blockchains themselves, they far more usually try to exploit or compromise their deployment.
The WEF references the data breach of retail giant Target, that lead to both the chief executive officer as well as the chief information officer being terminated from their services, additionally mentioning that the director of the U.S. government office of Personnel Management along with the co-chairman of Sony Pictures Entertainment were forced to resign after a distinct data breach.
Moreover, with the above in mind, the WEF adds that the leadership plays a vital role within the security of a blockchain.
The report states that cybersecurity ought to be recognized as a core leadership discipline, and cites a linked study by security journalist ‘Brian Krebs‘. As per the aforesaid study, solely 5% of the top 100 firms have an avid cybersecurity leader.
The WEF recommends that blockchain-related firm heads establish a ‘cybersecurity‘ leadership position in their organization and make sure that the position is sceptred enough to acquire the required actions.
As ‘reported‘ earlier in March, Israeli fintech firms that work with forex and cryptocurrency trading have been targeted by ‘malware‘, as per the web-blog post from threat analysis department ‘Unit 42’ of cybersecurity firm named ‘Palo Alto Networks’.