World Economic Forum officially publishes blockchain network security report

The World Economic Forum (WEF) released a report on blockchain network security on April 5.

The report says most of the data breaches were not caused by hackers, but by inadequate security measures. The report further notes that while attackers themselves can disrupt the blockchain, they more often attempt to exploit or disrupt deployments on the blockchain.

The report referred to a data breach by retail giant Target, which led to the dismissal of its chief executive and chief information officer. The report also referred to the forced resignation of the director of the U.S. government’s Office of Personnel Management and the co-chairman of Sony Pictures Entertainment after the data breach.

Based on the above considerations, the world economic BBS pointed out in this report that leadership plays a role in the security of blockchain.

The report notes that cybersecurity should be seen as a core leadership guideline and cites a related study by security journalist Brian Krebs. According to the study, only 5 percent of the top 100 companies have a dedicated cybersecurity leader.

The report recommends that the head of a company associated with blockchain should establish a position of cybersecurity leader in his or her organization and ensure that the position has sufficient authority to take the necessary action.

According to Cointelegraph’s March report, an article published by cyber security firm Palo Alto Networks’s threat Research department said that Israeli fintech companies engaged in foreign exchange and cryptocurrencies trading had become targets of malware attacks.Also in March this year, the number of hacked Internet of Things (IoT) devices and cryptographic money networks in Japan in 2018 almost doubled compared to the previous year.