Blockchain technology is making waves in numerous areas, and is frequently touted as a game-changer in the world of tech.
One place where blockchain could make a particularly big impact is in cybersecurity. It’s no secret that cybersecurity is an increasingly serious problem, with attacks on the rise.
In Q4 2017, cyber-attacks were reported to have increased by a dizzying 82% per company over the previous quarter. Some research suggests that cyber-crime could cost businesses over $2 trillion by 2019.
This is obviously a big worry for businesses, and it’s getting harder to defend against these attacks. Hackers are becoming more sophisticated all the time and adopting new methods which thwart old security systems.
These new risks call for innovative security methods. Currently, access management – how we gain access to our data and systems – is one area that is in desperate need of an overhaul. Much of the emphasis is on passwords, which are known for being vulnerable to human error.
Let’s take a look at some of the issues in this area.
The problems with access management
To gain access to information, whether that be a Facebook account or a company’s data records, we’re often required to enter a password.
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