Blockchain is no ‘magic wand’ for cyber security

Blockchain is no ‘magic wand’ for cyber security

The decentralised nature of blockchain networks may deter some cyber crooks, but ASEAN organisations still need to pay heed to the security of their blockchain infrastructure.

At that time, the Dyn Domain Name System (DNS)being used by a majority of websites to provide access to online services was hit with massive volumes of internet traffic unleashed by as many as 100,000 compromised devices in the Mirai botnet.

Although DNS is a decentralised system with servers around the world, its distributed components operate in reference to a central authority. Some cyber security experts have suggested that operating DNS on a blockchain would fully decentralise the system, preventing attacks aimed at a single, centralised source, and avoiding the flood of traffic that ultimately crashes websites.

By Aaron Tan

To read the full article click here.