By: Anthem Blanchard
As industries emerge from the economic downturn brought about by Covid-19, cybersecurity and supply chain efficiency should be top priorities. Though the internet age has been upon us since the dot com boom, the coronavirus expedited the mass-migration of data that has been gradually underway since the early 2000s. Unfortunately, central online databases are like open bank vaults to bad actors. It’s much easier to hack into a central database than data that is stored in a decentralized way. At the same time, supply chains remain terribly inefficient from a resources and cost perspective, costing industries billions of dollars each year.
The Increasing Need for IoT Security
As more of our lives become connected to the internet, from our refrigerators to our cars, we become more vulnerable to data theft and ransomware attacks—unless proper measures are taken by companies to secure data storage. The best way to do that is by eliminating central points of failure in the network (AKA: decentralization). At HeraSoft, we support government organizations and corporations with ransomware-proof cloud storage solutions so that we can all be ready for the IoT age.
The Opportunity of Improving Supply Chain Efficiency
As deleterious as Covid has been for the global economy, the good news is that many businesses are coming out stronger on the other side. For example, car sales are currently surpassing record highs at $2.7 trillion. According to Car and Driver, buyers flocked to dealerships in Q1 of this year after a rough 2020. Hyundai, Nissan, Tesla, and Toyota were among those showing double-digital sales growth. On the other hand, supply chain efficiency remains a major issue for automakers, creating an enormous opportunity for companies that move to streamline supply chains.
The Connection Between Supply Chains and Cybersecurity
Increased centralization of supply chains creates increased central points of failure susceptible to cybersecurity attacks, such as data locker or application denial of service attacks. A locker attack holds a system’s centralized database under ransom and demands bounty payment—often in cryptocurrencies.
A denial of service attack takes control over millions of computers and concentrates these compromised machines towards a centrally served application vulnerable to chokepoint attack.
As long as organizations deploy central databases and centralized cloud software, they will be vulnerable to malicious attacks—a threatening reality made worse in light of the Covid-inspired mass data migration to online platforms.
By structurally distributing applications and data using HeraSoft’s next generation software that deploys public protocols and blockchains, enterprise systems are protected from takedown and thus 100% uptime with perfect data integrity.