Cybersecurity Takes Prominence alongside Blockchain Technology in 2017

The new year, 2017 started with a bang. Bitcoin price surpassed its previous high by increasing beyond the $1100 mark. The popular cryptocurrency’s underlying blockchain technology and its applications in fintech and other sectors is expected to peak during the year as well. While Bitcoin and Blockchain continue to scale new heights, the Bitfinex hack, ransomware attacks and other security breaches aren’t forgotten. The massive DDoS attack that almost disrupted the internet is also fresh in everyone’s memory. After making it through an eventful year, Bitcoin companies, banking and financial institutions, governmental organizations and other businesses are increasing their focus towards cybersecurity. According to reports, the increasing importance towards cybersecurity is going to open up as many as 1 million new jobs. Apart from new job positions, existing employees are also expected to undergo training in basic cybersecurity related skills. Also, the ability of hackers to make IoT devices participate in DDoS attacks has got cybersecurity firms working on ways to counter it.