Not exact matches
The blockchain that keeps track
of everyone's transactions has been running thanks to thousands
of people running nodes around the world without a
single moment
of failure or
breach of security for the last 9 years.
Sometimes bad news can be the precursor to good news: a
security breach last week (that put internal company data into the hands
of somebody, somewhere) led to an update for Spotify on Android that now allows for your entire music library to be downloaded with a
single button click, making it available for offline... [Read more...]
Sometimes bad news can be the precursor to good news: a
security breach last week (that put internal company data into the hands
of somebody, somewhere) led to an update for Spotify on Android that now allows for your entire music library to be downloaded with a
single button click, making it available for offline listening (as long as you are a premium subscriber).
And with the spate
of cybersecurity attacks and threats that exist, using blockchain in law firms helps avoid a
single point
of failure and can greatly reduce the risk
of security breaches with sensitive data.
While public blockchains are extremely secure and virtually impervious to
security breaches because they are distributed and don't have a
single point
of failure, they struggle to process large amounts
of data at fast speeds.
«The risk
of theft
of private keys is heightened so long as the centralized repository holds the private keys on behalf
of digital
security holders, as the thief is able to target a
single security system for
breach of multiple accounts.»
The banks and other trusted intermediaries (see Equifax) have been unable to secure
single point databases with
security breaches occurring daily at some
of the largest and most trusted institutions.