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Metals giant Danieli announces move towards blockchain-based cybersecurity

Steel News - Published on Fri, 17 Aug 2018

Image Source: Danieli
Danieli, one of the world’s largest suppliers to the steel industry, will utilise cybersecurity blockchain solutions to secure data on its networks. The move is likely to set precedent for other large corporations looking to deploy cybersecurity blockchain solutions to defend against new cyber threats. Danieli has signed a partnership with cybersecurity start-up Naoris. Following an initial cybersecurity consultation, the companies have agreed to collaboratively implement blockchain-based cybersecurity solutions across part of Danieli’s data servers worldwide.
It is estimated that the cost of an average data breach exceeds €3m, rising above €300m for major breaches (where 1 million to 50 million records are lost), according to IBM. A robust cybersecurity system is therefore essential for blue chip organisations such as Danieli in order to protect significant amounts of sensitive company and client data.
Blockchain decentralises computer data across millions of different ‘blocks.’ The blockchain computers (or nodes) must confirm and record any change to a system, removing a single entry point for cyber criminals. In the current cybersecurity model, every device used by employees can act as a vulnerable entry point in order for a hacker to get access into the system and infiltrate the entire network.
Naoris has already performed a comprehensive assessment of Danieli’s data infrastructures, as part of the metal suppliers continued investment in its cybersecurity strategy. It will aim to further secure the metal supplier’s key data infrastructures.
Alexander Stewart, Executive Vice President ICT at Danieli, commented “At Danieli, we pride ourselves on the quality of our materials, processes and people, which enables us to continue delivering a world-leading service. Cybersecurity is a major part of this and we are currently investing significantly into ongoing company-wide security operations to make our company safer. We believe that Naoris’ blockchain-based solution will benefit our strategy and give us the edge in safeguarding our networks and providing unrivalled security for our clients, customers and personnel.”
Naoris’ cybersecurity platform, Naoris SE (Security Ecosystem), uses AI and blockchain technologies to place cyber alert results onto an immutable ledger where they become accessible and independently auditable. For a threat actor to be successful in such an environment, it would have to hit the potentially massive immutable blockchain network all at once.

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Posted By : Ratan Singh on Fri, 17 Aug 2018
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