Cyber attacks aren't good for anyone. This doesn't prove that Bitcoin is better than legacy payment options either, because you're going to have to give your info either way especially if you're paying for flights. Heck, I could even go a step further and say that using Bitcoin can be more dangerous in a situation like this, because a criminal can potentially assemble a victim's financial profile through blockchain analysis.
This isn't a failure for traditional finance, it's failure for data safekeeping. If nothing else, incidents like this highlight the need to be wary of sharing personal information. Bitcoin can't help you if your data is already out there.
Topic: Cyber attacks are good for Bitcoin - page 3. (Read 854 times)
not at all because if you think about "cyber attacks" and things like that bitcoin is also susceptible to them when the normal people use it. the way it is attacked is different but there are still ways to "hack people". for example their wallets, spreading malware instead of wallets so that newbies install them instead and lose their money and many similar ways. so you can't say it is 100% safe and will solve the problems.
It doesn't seem that easy to make them realize that the benefits of blockchain technology are very high, but with the time in the future, the big companies will not realize that they have used blockchain technology even though they refused. Technological developments forced them to use this technology to maintain competition
because blockchain technology is a technology that has many benefits, because with blockchain technology we can all make transactions easier and faster, because this technology is transparent
This incident will make them adapt to a more secure system like the blockchain technology.
Blockchain in the coming years wil revolutionize business sectors specially when it comes to
their security and accuracy of information.
Sooner or later all of the big companies will be using blockchain to eliminate the risks that a
centralized system has been daunting everyone.
Blockchain in the coming years wil revolutionize business sectors specially when it comes to
their security and accuracy of information.
Sooner or later all of the big companies will be using blockchain to eliminate the risks that a
centralized system has been daunting everyone.
I hate this type of mentality about something bad happening to someone is actually good for a third side.
Cyber attacks are bad for everyone and everything(inlcluding bitcoin/blockchain).Do you really think that the blockchain is unbreakable or immuned to cyber attacks?I don't think so...
Cyber attacks are bad for everyone and everything(inlcluding bitcoin/blockchain).Do you really think that the blockchain is unbreakable or immuned to cyber attacks?I don't think so...
Right what must be done is protect crypto wallets by doubling security to avoid cyber attacks that are increasingly rampant lately, because the good impact of cyber promotion will not stop its steps to work on an open wallet
When I read the title then my reaction was like; what the ? But when I read the OP then it made some sense to it. Sure many things in this world get popular after they hit with the bad storms. I mean in this scenario if the crime rate increases and people suffer from the security concerns then it may happen that different financial institutes will start to use the blockchain technology for their safety. This way the world will start moving towards the blockchain and crypto graphs slowly slowly but gradually it may all get filled up soon. This will happen sooner or later sure. Good things come at the cost of worst incidence, so no one can tell.
Cyber attacks may be possible and may also make bitcoin more useful but it is a bad way, it is better that bitcoin can have price movements if there is a platform that starts accepting payments using bitcoin so bitcoin has an extraordinary development.
Yes bitcoin and blockchain are safer but you have to factor in the human element.
Bitcoin and blockchain are safe to a point but some people are careless about their
own security matters. We all need to protect our data and also not trust third parties
so willingly with it.
yes i am agree with you, mainly our security depends on us,we have to keep our data secure from others,and need to protect our wallet password. Bitcoin and blockchain are safe to a point but some people are careless about their
own security matters. We all need to protect our data and also not trust third parties
so willingly with it.
bitcoin won't fix the fact that businesses often require your personal information, and they don't protect it.
but also companies are requiring your personal information Because they are using credit cards,... in other words it is what the fiat world demands. but using bitcoin they won't need that kind of information anymore so in a way using bitcoin can fix that.
For this, we must protect that cyber attacks have strong security, and do not harm users. Blockchain technology has entered large companies even though it is not felt by its leaders, and this they have to admit and must have full security so as not to be exposed to fraud or hacking.
The personal data of 9.4m Cathay Pacific passengers has been stolen in a cyber attack on the Hong Kong airline.
https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/
Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.
https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/
Quote
“Payment card information, combined with other user data from other breaches and social media, builds a complete profile. In the hands of fraudsters and criminal organisations, these valuable identity sets are usually sold to other cybercriminals and used for myriad criminal activities.”
Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.
using bitcoin might help in some situations, but in many cases won't make a difference. as pointed out here, credit card information doesn't actually endanger much beyond the ability to make fraudulent purchases---it only gives hackers a name and billing zip code.
you'll give away much more personal information and/or ID documents than that when doing business with eg an airline, even if you use bitcoin. same goes for having goods shipped to your physical address.
bitcoin won't fix the fact that businesses often require your personal information, and they don't protect it.
As far as internet remains cyber attack is part and parcel of the ecosystem, just as we protect our houses, offices and properties ahead of time, let us also protect all form of digital asset. Owners of exchangers are like Government that vow to protect life and properties, The protection of users of any exchangers asset should be the priority of all the team members.
Yeah it can't be avoided, as the technology rise the cyber attack wil also rise, this event maybe could rise people awareness but some of the crypto also used kyc, and its impossible to buy something like airline ticket without revealing your identity, maybe the answer for this case is not crypto because when crypto being regulated, we will need to provide our identity
It won't wake up the people but the companies will realize the benefits their company can have (security, efficiency, costs,...) Not to say some companies will have no choice to use the technology to adapt its activity around the tendencies.
In the future, people will use the blockchain tech/crypto tokens without knowing it
In the future, people will use the blockchain tech/crypto tokens without knowing it
lol @the bolded, how is that possible?
When you make use of a system you know nothing about then you are totally on your own.
Regardless of how I think that databases are just as efficient, the hype around the blockchain makes businesses aware of how they can cut on operational costs, and they want to keep that private.
Only when businesses start to compete with each other by lowering the costs of the services that they offer, users in some industries might finally notice the effect of blockchain adoption. International bank transfers are definitely one of them.
As far as internet remains cyber attack is part and parcel of the ecosystem, just as we protect our houses, offices and properties ahead of time, let us also protect all form of digital asset. Owners of exchangers are like Government that vow to protect life and properties, The protection of users of any exchangers asset should be the priority of all the team members.
Well how can you say the attack on other network will be to the promotion of the use of cryptocurrency/bitcoin. Because we have also witness a great number of cyber attacks and hack of the some bitcoin exchange site and facilities so when it comes to scam and hacked attack no aspect of the financial system of the world.
Why would a cyber attack be good for anything? It might be opening the eyes of cybersecurity experts for possible threats and vulnerabilities in such systems but all it does to the public is cast doubts on how data is being handled. Also, this doesn't do any good to bitcoin at all; the general public wouldn't even know the benefits of bitcoin and the blockchain in such scenarios IMO knowing that only a few people know about the tech. Hacks aren't good at all, and it does not benefit anyone except for the hackers themselves.
It doesn't seem that easy to make them realize that the benefits of blockchain technology are very high, but with the time in the future, the big companies will not realize that they have used blockchain technology even though they refused. Technological developments forced them to use this technology to maintain competition
The personal data of 9.4m Cathay Pacific passengers has been stolen in a cyber attack on the Hong Kong airline.
https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/
Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.
https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/
Quote
Ryan Wilk, vice president at NuData Security said “Data in the wrong hands – especially payment card information – can have a huge impact on customers, far beyond the unauthorised use of their cards.”
“Payment card information, combined with other user data from other breaches and social media, builds a complete profile. In the hands of fraudsters and criminal organisations, these valuable identity sets are usually sold to other cybercriminals and used for myriad criminal activities.”
“Payment card information, combined with other user data from other breaches and social media, builds a complete profile. In the hands of fraudsters and criminal organisations, these valuable identity sets are usually sold to other cybercriminals and used for myriad criminal activities.”
Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.
It won't wake up the people to take part in blockchain technology in which we still have attacks in the Cryptocurrency atmosphere, but in my own say it will be on a safe speculations to bring it down to blockchain technology crypto is the future and it has definitely come to stay.
It won't wake up the people but the companies will realize the benefits their company can have (security, efficiency, costs,...) Not to say some companies will have no choice to use the technology to adapt its activity around the tendencies.
In the future, people will use the blockchain tech/crypto tokens without knowing it
In the future, people will use the blockchain tech/crypto tokens without knowing it
lol @the bolded, how is that possible?
When you make use of a system you know nothing about then you are totally on your own.
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