Page 36 - Cyber Warnings

With the increased sharing of data between devices it can only be beneficial to assign digital
signatures to every transaction, but will this increase the security of devices and individuals?

With any technology, there’s going to be teething problems, and last year two companies who
have been using Blockchain and digital currencies were attacked by hackers with a combined
financial loss of £93 million.

Odd to think that with that amount of loss people are still saying that Blockchain is going to be
the future of security.

I suppose with any new technology, there’s new code being written and it’s difficult to initially
judge where the flaws are going to pop up.

There’s not been years of testing on the code, years of expert knowledge saying when and
where the vulnerabilities are going to occur.

Let’s think of aeroplanes, originally seen as death traps (my Nan still won’t get on one!) but with
the increased testing, they are more safe than ever. Maybe the same will happen with
Blockchain.

What can be said is that the principles are all there, the technology, the rational, the building
blocks (no pun intended!) are all in place to make Blockchain the Godfather of security protocol.
From my point of view, there’s always going to be new ways of increasing security, new ideas
and new technology.

It all comes back from the same debate, process vs people. I’m pretty sure we will hear a story
in the news of someone who shares their digital signature with a colleague, and then gets
hacked.

Or a phishing scam designed to ask people for their digital signature verification. It’s all about
educating people to follow the processes rather than relying on technology to do all the work for
them.

About The Author

My Name is the Jonathan Stock and I am a cybersecurity recruitment
consultant working for IntaPeople.

In addition to sourcing candidates for various cybersecurity companies, I am
also a contributor to several cybersecurity online magazines, a member of the
UK Cyber Security Cluster and an event coordinator.

Jonathan can be reached online at [email protected], @JonathanStock86 and at our
company website http://www.intapeople.com

36 Cyber Warnings E-Magazine February 2017 Edition
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