CSO - 8/6/18
[Ed. Note: Byline by Chris Wyspoal, CTO, CA Veracode]
Securing the blockchain ecosystem is the most challenging cybersecurity problem right now. The blockchain itself might be secure, but that doesn’t mean that all the pieces that intersect with it – wallets, exchanges, miners, smart contracts – are secure. And many aren’t. According to a recent study by Carbon Black, hackers have stolen $1.1 billion worth of cryptocurrency in the first half of this year.
Although the threat is primarily restricted to the public blockchain right now, the enterprise space will be next. There’s so much money to be made targeting public blockchain that enterprise blockchain is unexplored territory for hackers right now. Weaknesses in enterprise blockchain will be found due to already successful exploits of the public blockchain.