Security is definitely one of the most ‘hotly’ discussed topics when it comes to blockchain. Although blockchain is often discussed in parallel with security (for storing data using sophisticated math and innovative software rules that are difficult for hackers to manipulate), lately, there has been a significant amount of attacks on even the best-designed blockchain systems. With so much money in circulation in the crypto-space, these systems have become a big target for skilled hackers – and we’ve already seen a lot of money lost.
It’s no surprise that a large part of the audience at Summit Seoul personally knows someone that’s been hacked. The following infographic provides a broad scope of how serious this issue is in the space:
At the conference in Seoul, the topic of security was discussed amongst a renowned panel of speakers with experience in the field. Watch and/or listen to the panel below.
One of the problems we face with blockchain and security is that unlike in the conventional world, where an issue arises (a security breach or losing your assets), we have an intermediary service or company that we can approach for assistance. In this case, who are you going to call?
The most important approach in the current landscape is one that is preventative – to figure out a solution before it happens.
Another big problem we face today is putting convenience over secure technology. Users are hesitant to make a concerted effort to implement basic security practices because they are merely inconvenient to most, which in turn makes them extremely vulnerable to hacks.
Andre McGregor of TLDR Capital states that it is the fault of the “security people” who are doing a poor job in providing a concrete understanding of why you should or should not do certain things regarding security. For example, most people don’t realize that the security pin on their mobile phone is a carrier pin and not a true security pin. The speakers on the panel also mentioned that they could easily hack into the devices of every single person in the crowd.
“I have nothing to hide”, some people might say – but what if your father does? And what if someone can get to him through you? And is this also the argument you would use when discussing your freedom of speech? “I have nothing to say”.
“If you’re in the position where you have to trust someone, that’s a vulnerability point”
Watch the interview with former Cyber Special Agent at the FBI, consultant for TV hit-show Mr. Robot and global head of security at TLDR, Andre McGregor.
We’re glad to announce that the TLDR team is returning at Beyond Blocks Summit Bangkok!
TLDR is a global investment and advisory firm that specializes in tokenization projects and their interface with public markets. Their team consists of former Navy Seals, veteran FBI Special Agents, wall street bankers and also our moderator Eugene Kan that played an essential role in developing Hypebeast to the platform it is today.
The TLDR Security team has secured some of the largest companies and startups globally, including 50% of the Fortune 100 and 30% of the Global 2000. Their division is focused on both cybersecurity and physical security.
Beyond Blocks will be hosting the next major blockchain conference in the heart of Bangkok, at the InterContinental hotel. After this sold-out, record-breaking event in Seoul, the momentum continues it’s way to Bangkok, where the world will witness exactly why Southeast Asia is the region on the rise for blockchain innovation.
Why you need to be at Summit Bangkok:
– Full two-day access to the conference and exhibitions
– World-class speakers and industry leaders
– Meetups, workshops and amazing networking opportunities
– Because Bangkok is one of the liveliest cities in Southeast Asia!