Increased attacks on emerging Blockchain and cyber security threats

 Increased Attacks on emerging blockchain solutions based on the past two years, 2020 may very well see a ‘next phase’ of attacker activity that should have CISOs on high alert:




Acceleration of data breaches targeting individual information similar to those we have seen throughout last year – such as Equifax, the 198 million US voter registration breach, the IRS taxpayer information and the ongoing medical information breaches.

New attacks upon individuals or entire systems as a result of the information mined from these breached records, or the use of it for identity theft or spoofing to access higher-profile assets or objectives

Increased attacks and attempts upon Bitcoin and emerging blockchain solutions because of the high financial motivation, as well as the assertion that these systems offer stronger security and thus resulting confidence placed on these systems by the organizations that employ them.

Social engineering has become the top-ranked attack vector, along with identity theft as one of the top crimes in the US. The information obtained from these breaches across 2017 will provide attackers substantial insight into how best compromise the employees of organizations in their personal lives, or gain access to government or business assets through them, including those with privileged access.


Organizations should stay vigilant and double-down on employee education and awareness, increase controls on identity and access, and improve audit trails and their frequency. Most importantly, they need to employ tools that implement advanced anomaly detection methods to determine when information and systems are being accessed inappropriately.

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