The Cyber Security Review | Friday, April 08, 2022
Blockchain technology is a game-changer in terms of cybersecurity for the digital world since it will help ensure that the CIA's cybersecurity triads are followed.
Fremont, CA: Cybersecurity is the process of defending systems and networks against digital attacks aimed at gaining access to, altering, or destroying digital information to extort money or sensitive data. With the growing dependence on technology and data, it is critical to strengthen security measures to safeguard digital data and transactions.
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Blockchain in cybersecurity
The CIA triad model serves as a reference point for evaluating an organization's security model in cybersecurity. It is composed of three components: confidentiality, integrity, and availability.
Confidentiality
This entails ensuring that only interested and authorized parties access the necessary data. Complete encryption of blockchain data ensures that it is inaccessible to unauthorized parties while it is sent across untrusted networks. Security measures like access controls should be applied directly at the application level to avoid attacks from within the network. By utilizing public key infrastructure to authenticate participants and encrypt their communication, blockchain technology can enable improved security measures.
Integrity
The immutability and traceability inherent in blockchain technology assist enterprises in ensuring data integrity. Additionally, consensus model protocols can assist enterprises in implementing procedures to prevent and control ledger splitting in the case of a cyber control attack, with a 51 percent success rate. With each subsequent iteration in Blockchain, the past state of the system is preserved, resulting in a completely traceable history log. Smart contracts can be used to verify and enable agreements between parties, effectively stopping miners from mining data blocks.
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Availability
Cyberattacks aimed at affecting the availability of technology services have increased in recent years, with DDoS attacks being the most common sort of attack. However, DDoS assaults are costly in blockchain-based systems because the attacker attempts to overwhelm the network with a large number of small transactions. Due to the fact that blockchains lack a single point of failure, the likelihood of IP-based DDoS assaults affecting normal operations is reduced. Data remains accessible via numerous nodes, ensuring that complete copies of the ledger are always available.
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