Cybersecurity: How Blockchain Is Helping E-Commerce Businesses Protect Their Data

Shutterstock

According to recent reports, consumer credit reporting agency Equifax is still reeling from a massive cybersecurity breach earlier this year. In the breach, which is believed to have occurred between mid-May and July 2017, cyber criminals accessed the personal data of approximately 143 million U.S. Equifax consumers.

In May, Target was still dealing with the ramifications from its own security breach in 2013. The retailer was forced to pay $18.5 million for a data breach that impacted 41 million customers.

And they’re not the only ones. In the wake of these breaches, many companies are working to regain consumer trust and experts have been developing technology to improve cybersecurity. Among them is Datum, a data security company that wants to create a high level of security for data with theoretically unbreakable encryption. Their mission is to secure businesses and prevent security

... read more at: https://www.forbes.com/sites/jiawertz/2017/10/31/cybersecurity-how-blockchain-is-helping-e-commerce-businesses-protect-their-data/

by