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How tools that leverage blockchain can address escalating security concerns

  • Some security experts believe that by 2021, traditional IT security tools will be ineffective at managing more than 90% of your enterprise devices.¹ Security needs have evolved beyond the capabilities of human analysts and traditional solutions. Luckily, next-gen tools powered by technology like blockchain offer new tools for boosting and automating your cybersecurity measures.

    In fact, a Gartner study found that 75% of organizations in the U.S. that have adopted Internet of Things (IoT) technology have also already adopted or plan to adopt blockchain technology. And most of those enterprises are implementing the two technologies together primarily because of the added security and trust that blockchain provides, as well as the lower costs and business efficiencies it offers.²

90%

of enterprise devices will be ineffectively managed by 2021.

75%

of organizations that have adopted IoT tech have or plan to adopt blockchain tech.

  • Protecting against IoT-based and cloud-driven shadow IT

    The nature of IoT devices makes them easy to connect to enterprise networks, facilitating the rapid growth of shadow IT. But it’s not just an IoT issue. Easily accessible cloud services let any Joe or Jane with a credit card spin up a virtual server in minutes without involving IT. For security teams, it can become a non-stop effort to discover and disconnect every new rogue device or virtual workload that pops up. And it doesn’t matter if such shadow IT efforts are malicious in intent or not. When unauthorized devices or servers connect outside of your security team’s control, it puts your enterprise at risk.

    To help eliminate this risk, blockchain security technology provides support in detecting when rogue IoT devices or cloudbased virtual servers connect to your network. Blockchains create a series of time-stamped, unchangeable data blocks bound together in encrypted chains that can provide transparent, tamper-proof and secure shared records of different activities and transactions. When combined with monitoring capabilities, these tamper-proof data chains act as an immutable source of truth to accurately identify, analyze and flag the appearance of rogue devices and servers in near real time.

    Decentralizing data for managing third-party access

    The distributed nature of blockchain also makes it ideal for managing third-party access. While traditional access control solutions rely on centralized databases, a blockchain security solution can replicate and encrypt access control policies and information across multiple servers in the blockchain so that approved third parties can gain access safely. Additionally, since blockchain provides a complete history of activities and transactions, it can be used to ensure that access control policies are being respected.

    Simplifying user authentication experiences

    To simplify the user authentication experience, blockchain technology can provide secure, convenient storage of personal data and user profiles. For example, blockchain can be used to tie cryptographic keys to each user’s profile and unique biometric attributes, allowing them to sign in without having to remember their passwords.

    Securing private messaging

    The distributed nature of blockchain technology eliminates the vulnerabilities associated with having a single point of failure inherent in many of today’s hosted email and chat services. Additionally, blockchain can take on the role of a certificate authority (CA), securely storing public keys and eliminating the need to put full trust in a third-party vendor.

     


    Blockchain technology can provide
    secure, transparent, convenient
    storage of personal data
    and user profiles.


     

    Take advantage of blockchain security.

    As cloud expansion and IoT continue to increase attack surfaces in never-before-seen ways, the inherent qualities of blockchain technology make it an ideal vehicle for addressing many emerging security issues. No matter where you are in terms of IoT, cloud services or other digital transformations, blockchain can play a major role in securing your expanding attack surfaces.

    Learn how to protect your enterprise from threats

     

Security starts here.

Let us help you take a strategic approach to data protection and the security of your network and mobile devices. 

1 Arndt Kohler, “In 2020, IoT Security Must Be Part of Your Threat Management Strategy,” Security Intelligence, March 10, 2020. https://securityintelligence.com/posts/in-2020-iot-security-must-be-part-of-your-threat-management-strategy/

2 “Gartner Survey Reveals Blockchain Adoption Combined With IoT Adoption Is Booming in the U.S.,” Gartner, December 12, 2019. https://www.gartner.com/en/newsroom/press-releases/2019-12-12-gartner-survey-reveals-blockchain-adoption-combined-with-iot-adoption-is-booming-in-the-us

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