Cyberattacks are becoming more prevalent, with damages ranging from identity theft to financial loss, and some negative impacts can be irreversible. What can we do?
🚀 Dear SelfKey Astronauts,
Cybersecurity threats are becoming more common, and it’s a good time to seriously consider the safety of our private data online.
The technology director of the Paris 2024 Olympics, Bruno Marie-Rose, has warned of an eight to ten times increase in cyberattacks compared to those seen during Tokyo 2020, citing the war in Ukraine as a factor.
Marie-Rose expressed concerns over state attacks, and cyber-security partner Atos has opened a special integrated testing laboratory in Madrid to monitor the security of the Paris 2024 network, where 250,000 hours of testing will be carried out.
As the risk of data breaches becomes more prevalent, both on a personal level and at a larger scale, SelfKey is emphasizing the need for stronger online security measures.
See more valuable insight in our Voyage Report.
⚡The SelfKey DAO Whitepaper can teach you more about the benefits of decentralized systems.
Featured article:
⚠️ Data Breaches: Risks and Consequences
Sharing private information on the internet has become so normalized that people seldom ever stop to think of its negative impacts. Despite being a routine practice, it doesn't necessarily mean it's secure. Data breaches occur daily, and anyone can fall victim to them at any time, with some breaches resulting in irreversible harm to those whose data was compromised.
Read more → about Data Breaches, what causes them, and what are the negative impacts they bring.
In case you missed it:
👑 SelfKey ENS: Adoption of Self-Sovereignty on Blockchain
The concept behind ENS was to provide individuals and small businesses with the ability to own and control their own online domains, thereby enhancing their visibility. SelfKey, with a focus on self-sovereign identity, intends to create subdomains that offer the same advantages as ENS but potentially at a lower cost to ensure accessibility to everyone.
Read more → about SelfKey’s ENS subdomains, as well as the advantages they may bring.
Crypto News
📰 Ex-CEO gets prison sentence for bad data security
Expeditors International suffered a cyberattack in February 2022, causing a shutdown of most of its operating and accounting systems for three weeks. This limited its ability to manage customs processing and ship freight. Long-time customer iRobot is suing Expeditors for delays and lost business, with the incident already costing Expeditors $47 million in extra charges.
This attack reflects the long-term impact of data breaches on supply chains and the vulnerability of companies to the resulting disruptions. Cyber insurance remains costly, and other potential litigation or claims cannot be estimated.
Quote of the week
"You can't cross the sea merely by standing and staring at the water." - Rabindranath Tagore
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