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World Economic Forum Releases Report About Blockchain Cybersecurity

April 08, 2019 / Adrian Zmudzinski

The World Economic Forum (WEF) released a report about blockchain cybersecurity on April 5. The report points out that most data breaches do not result from the level of skill of the hackers, but instead happen because appropriate security measures often are not implemented. The WEF further claims that while attackers do compromise blockchains themselves, they much more often try to exploit or compromise their deployment. The WEF references the data breach of retail giant Target, which lead to both the CEO and chief information officer being fired, also mentioning that the director of the United States Government Office of Personnel Management and the co-chairman of Sony Pictures Entertainment were forced to resign after a different data breach. With the above in mind, the WEF notes that leadership plays a role in the security of a blockchain.