The meteoric rise of Blockchain technology has sparked a myriad of exciting, new opportunities in business. But with this comes a new series of challenges—the rise of cybersecurity being a major case in point.
One of blockchain’s most valued features is its inherently secure structure, therefore the threat of cyber security would seem counter-intuitive at first glance. The main reason being that the distributed nature of the system makes it more difficult to tamper with unlike traditional centralized databases, which tend to have more clear and public attack targets. However, the extent to which the blockchain maintains safety depends on a number of factors. And largely because the blockchain is still in its infancy, cybercriminals have found ways to exploit it.
