How is Blockchain revolutionizing

the cybersecurity space? ANU DANIEL

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 Need for Blockchain in Cybersecurity space

• Data remains the major target for attackers.

• Threats include :
 DDoS
 Malware
 Theft of keys
 Due to BYOD

• Equifax cyber security breach, Uber data

breach

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BLOCKCHAIN

Immutable

Consensus
Transparency
mechanism
and security

Decentralized Initiation
Distributed BlockChain rules and
ledger process

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Business Value of Blockchain Cloud Service
• Increase business velocity by accelerating
transactions, enabling new business models
and revenue streams.
• Reduce cost and risk of using intermediaries.
• Reduce cost of fraud and regulatory
compliance.
• Improve data quality and timeliness by
avoiding offline reconciliation and manual
exception handling.
• Increase auditability and trust, reducing
audit costs.
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Challenges faced in blockchain
• Human errors
 Software coding errors
 Errors that derive from the flaws in participants’ information
security practices.
• Key Management
• Identity-based attacks – Smaller block chain Networks.
• Evolving attack vectors
• In case of malicious transaction entry into the blockchain, restoring the
chain will require special programme adjustment.

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 References
• Axon, L., Goldsmith, M., & Creese, S. (2017). Privacy Requirements in
Cybersecurity Applications of Blockchain.

• English, E., & Kim, A. D. (2017). Advancing Blockchain Cybersecurity.

Microsoft.

• Piscini, E., & Dalton, D. (2017). Blockchain & Cyber Security. Deloitte.

• Singh, S., & Singh, N. (2016). Blockchain: Future of Financial and Cyber
Security. International Conference on Contemporary Computing and Informatics.

• Park, J. H., & Park, J. H. (2017). Blockchain Security in Cloud Computing: Use
Cases,Challenges, and Solutions. MDPI.

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 THANK YOU!

ANU DANIEL
anudaniel2011@gmail.com

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