Bitcoin Forum

We are starting to see more blockchain focused cybersecurity startups pop up. The biggest and most established being Ciphertrace, Elliptic and Chainalysis but even small ones are popping up around the world.


https://cointelegraph.com/news/israeli-startup-that-allows-offline-crypto-transactions-secures-4m

It is because the blockchain industry is also growing so expect that almost industry that is related to it will increase too. With the number of people and companies that wants to increase their security, expect that firms on cyber security also will come in.

It's because that security is the greatest matter in business as much as possible in cyber.

I have read the article, there is more to explain about the technology of GK8 made by Israel, the technology allows to transfer cryptocurrency without the need for an internet connection, and there explains, that the transaction can be done by one-way transactions,
the rest can read there.
and of course this technology can prevent hacker attacks, at least it can be minimized.

After reading the whole of article and i just try to take this
https://fortune.com/2019/09/18/crypto-storage-offline-gk8/

I just understand if this system will be used the same mechanism that already used by https://kb.myetherwallet.com/en/offline/offline_transaction/

This just tries to eliminate the possibility to know the identity of the sender.  ???

With the rate of attacks on cyber because of cryptocurrency, I expected that there will be a more strict security and this will lead to more generation of cyber security firm which we actually need, at least with these dedicated team of security too, scammer will really find it hard to always have their way in the dark market.

If they are really active, honestly they could make very big differences in the market today.  The blockchain sector is still growing and we should expect a boom in it in near future, so it is better they prepare for the unthinkable now, because as we develop more, the cybercrime rate regarding cryptocurrency will also increase, so we cannot allow the crimes in cryptocurrency to be more popular than the core reason for its creation.

more with reference on work with the development from the distro of the blockchain field of business users to gains of option as expending use of possession with work on crypto finance to gains with use on practice as the decision on working on tasks of merchantile.

Thats because the demand for cyber security firm services and product is on the rise because of the treats that lurking around and it wont stop there as long as blockchain and crypto projects is continue to flourished the demand for cyber security services and product will also grow thats for sure.

Crypto currencies are pushing cybersecurity firms  ;D This is just hilarious and shows in my opinion, how harmful scam projects can be for the whole industry. Right now blockchain and crypto is associated with fraud, poor security and scam.

Its true and it makes people have some trust issues, that is the reason why we need to be very careful and mindful on every decision we make because it can change everything. We need to be cautious nowadays because there is no assurance that we are safe from them since we can literally find them everywhere.

Because the number of Cyber crime is also growing fast and if no measures are taken could result to more problems, the need for more cybersecurity firms is important in other to combat with the growing rate of Cyber crime, hackers are not taking a break, they strike at any slite chance they have, it is very good to see such firms increasing.

Right, hackers never stops to look for an entry especially in this growing industry. They've seen that many are still uneducated about the technology.

Seeing the cyber firms grow means that this is taken seriously which is an obvious positive points for cryptocurrencies. But the negative thought should be removed by them at least by informing that these kinds of cyber crimes doesn't only exist on crypto.

Since its a trend people realize that they can make profits since its the trend, and they can take advantage of the situation kust like
with the crypto craze making lots of ico that are realy useless
but we really need that since there are lots of hacking going on specially in the exchange, but this will not go through if the government will not support the technology we are in
they need to realize that, we need laws that has an iron fist for the people who is doing the hacking,

With a cryptocurrency era, there are a lot of new industries on board and new jobs as well. Security is one of many to move into digital field.

Many new startups in this regard are understandable, too many hackers have entered this market to look for security holes. Besides, the scam takes place in a number of projects. This is why in the future, speculators need insurance. Yes, it is in great demand in the coming years.

Ever since untraceable/private cryptocurrency, there's a huge demand for cybersecurity because scammers/hackers are using those coins to extort money from the users. Remember those old ransomware attacks? those cybersecurity firms are a good thing IMO

Are you pertaining to the wannacry ransomeware?  As far as I know, the person behind the shutdown of that ransomeware is also associated with the creation of many other malwares, how can we be sure that cybersecurity firms will take care of our privacy and cryptos? unless they would be handled by a higher authorities

Good to hear there are so many cyber securities are coming out in crypto space. These securities will lessen the amount of digital currency being stolen by scammers and fraudsters. I like how GK8 utilizing the digital buy and sell platform eToro and how this GK8 company creates cold wallets for security purposes. Just wondering what is the pros and cons of GK8 because of its feature “unidirectional connection". But one thing is for sure; this may have a good impact and will gain many supports from crypto users.

Is it possible that Blockchain transactions are carried out offline. While what we understand now is that long-distance transactions must be online. If using Infrared power only a short distance. If indeed the device being developed is sophisticated, I estimate it only reaches hundreds of kilometers.
How do you mean unidirectional connection? If this really works, then this is a new discovery that is extraordinary. But this is hard to believe.

In the inside of the cryptocurrency blockchain itself, it seems to be safe, but if we are going to look on the account side of the users of such cryptocurrency, then there comes the problem, that is the security. Allot of accounts are being hacked including wallet addresses, that is why, it is a need for us to have cybersecurity firms. Don't take them as negative influence but an entity that will increase our security in cryptocurrency.