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BaaSid Represents a 100% Decentralized Personal Information Network
Nowadays reality dictates information to replace the most precious assets alike money and gold, eventually becoming the currency of the world that might be efficiently used to influence public perception. Where the merchants of the past century were obsessed over how to use television to beam ideal images of their goods into clients’ homes, today’s companies hope that big data will allow them to easily manipulate customers’ deepest hopes and fears.
However, the approaches to collect needed data frequently step out of legal borders while these companies do not disdain to use malicious activities to reach their ultimate goals. Explicit example depicts the recent scandal over Cambridge Analytica that was accused of developing an app conceived to collect demographic data on tens of millions of Facebook users, largely without their knowledge and consent.
The fallout of Cambridge Analytica fraud made thousand consumers all around the world to rethink the relationship between their personal data and the companies that they had handed it over to. As it turns out, big corporations that this whole time were being allowed to successfully harvest huge amount of customers’ private information ended up selling it to not-so-altruistic invaders.
Personal data, like birthdates, social security numbers, fingerprints, and any other highly-sensitive data that are provided to big corporations in order to be used for different reasons and in a ton of different locations needed to be kept under advanced level of security. Operating in such disjoint environment, blockchain technology is the only tool that is able to free information from third-parties’ involvement.
Blockchain-based ecosystem BaaSid (BAS) represents an encrypted database that stores the basic personal information of its users with a complex computational format. It is an extension of BaaS (Blockchain as a service), a concept that entails an opportunity for individuals to borrow blockchain services partially or entirely, empowering the platform to run without a decentralized database server. The BaaSid also serves as a means of identification and ID verification, so that internet providers and organizations can login securely and discreetly to their business hubs.
The main working principle is rather simple. The BaaSid takes all of its users’ data and splits it up into a bunch of tiny pieces, spreading it out across the entire anonymous network – which every user is a part of. That means that your data pieces can be retrieved temporarily in an instant, but it won’t be saved or leave the original data on any one server in the network. It just floats around the network completely shattered, and only authorized users can use it.
Hackers will have a harder time trying to steal the information of BaaSid because they will not know where to attack as all the information is fragmented and cannot be accessed by outsiders of the company. Moreover, BaaSid saves a lot of time and a ton of stress eliminating the necessity of password memorizing or endlessly changing of the password each time it was forgotten, since users log in and out of accounts throughout their personal and professional lives.
The project states that by using its app, a company can reduce costs of maintaining database as well as bypass legal risks of leaks involving information because the information is not necessarily stored anywhere in the company that purchases the service.
Being blockchain-based ecosystem, the BaaSid utilizes a BASS token to maintain its functionality. After successfully closed pre-sale event, currently the BaaSid is holding ICO that will be ended on May 31. At the press time there is a 30% discount available for contributors when 1 ETH = 100,000 BAS. After the ICO, most of the tokens will be used in the development of the product, while some will be spent on marketing, partnerships and operational costs.
The post BaaSid Represents a 100% Decentralized Personal Information Network appeared first on CoinSpeaker.
BaaSid Represents a 100% Decentralized Personal Information Network published first on https://medium.com/@smartoptions
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Tips For Cyber Security When Working From Home
Tips For Cyber Security When Working From Home
With the current state of COVID-19 which has become a global threat to human existence on earth, one of the key measures to tackle the pandemic and reduce its rate of propagation is social distancing, where companies across the globe are encouraging – restricting – their employees to work from home.
Not withstanding, moving some distance from your entrusted office environment and working remotely is susceptible to various security vulnerabilities.
Additionally, cruel opportunists are taking advantage of COVID-19 as subject matter to perform nasty phishing attacks to innocent people, hoping the unwary are going to click on these links and disclose the personal data.
Both the employers and employees in all parts of the world have their minds open to the idea of working from home.
But with the risks that accompany this new mode of teleworking, ENISA, a European cyber-security commission has rolled out several recommendations for organizations that are adopting teleworking as a result of the pandemic.
The agency has stated that it has already noticed an increase in COVID-19 related phishing scams.
ENISA
It, therefore, advises people to try as much as they can, not to mix work and entertainment activities on the same gadget, and specifically, be cautious with messages and ads referencing COVID-19. “Cyber-criminals are exploiting the current situation, so be aware of phishing emails and scams,” stated ENISA.
ENISA has also asked teleworkers to treat any email asking them to change their login information as a scam, even if they appear to have come from credible sources.
Also, the agency has warn people to be suspicious of emails sent by people they don’t know. By not clicking on them or opening the attachments.
They need to be careful even when opening emails sent by people they know, asking for unusual things.
The National Cyber Security Center (NCSC) of the United Kingdom has also warned its citizens from falling prey to cyber-attackers.
Leave the issue of COVID-19 alone, it has only made working from home a big deal, and it has always been there where some companies do not require the physical availability of their workers.
Current Scenario
But with the current situation, companies force to set up a large population of their workforce to work from home. And within this short space of time, it will come out as a rude shock to many.
First, instead of being able to make a smooth transition, the social distancing and quarantine directives in response to COVID-19 have given organizations, IT teams, and the information executives insufficient time to make preparations and address the possible cyber-security threats of working remotely.
Workers who have had this experience before understanding the steps they need to follow to access the networks and applications from the convenience of their homes, but most employees are doing it for their very first time.
Training is, therefore, a requirement, they need to understand the potential risks, how to access networks and applications remotely, and most importantly, how to ensure the security of the network is not compromised.
Challenges
Working from home requires an internet connection, a personal computer (Desktop or Laptop), a mobile phone, and any other facilitating device.
The risk of information theft or loss increases when the devices are move out of the office. This is the possibility of device loss or theft in case of burglary or calamities like fire.
Even if employees are not doing their jobs out of their houses in coffee joints or home gardens, these environments are still not as secure as the workplace.
There is the issue of cyberslacking, it is expected to increase when people aren’t not working from the watch of a supervisor, so there is a loss of productivity.
Loss of productivity is a heavy blow to the organization as it causes loss of profits and ultimately, the downfall of the business.
Accessing the organization network at home poses cyber-risks such as hacking of the organizational system, stealing of the company’s data by untrustworthy workers, or disclosing secrets only known to the company to its competitors.
Also, there is the risk of insider threats when working from home which is one of the causes of fraud and information theft.
10 Cyber Security Tips When Working From Home
With these ten personal cyber security tips, we are aiming to help our readers become more cyber aware.
1. Keep Your Software Up to Date
As we saw from the stats above, ransomware attacks were a major attack vector of 2017 for both businesses and consumers. One of the most important cyber security tips to mitigate ransomware is patching outdated software, both operating system, and applications. This helps remove critical vulnerabilities that hackers use to access your devices. Here are a few quick tips to get you started:
Turn on automatic system updates for your device
Make sure your desktop web browser uses automatic security updates
Keep your web browser plugins like Flash, Java, etc. updated
Check out our blog on patch management best pratices!
2. Use Anti-Virus Protection & Firewall
Anti-virus (AV) protection software has been the most prevalent solution to fight malicious attacks. AV software blocks malware and other malicious viruses from entering your device and compromising your data. Use anti-virus software from trusted vendors and only run one AV tool on your device.
Using a firewall is also important when defending your data against malicious attacks. A firewall helps screen out hackers, viruses, and other malicious activity that occurs over the Internet. And determines what traffic is allowed to enter your device. Windows and Mac OS X comes with their respective firewalls, aptly named Windows Firewall and Mac Firewall. Your router should also have a firewall built in to prevent attacks on your network.
This is one of the key Tips For Cyber Security When Working From Home.
3. Use Strong Passwords & Use a Password Management Tool
You’ve probably heard that strong passwords are critical to online security. The truth is passwords are important in keeping hackers out of your data! According to the National Institute of Standards and Technology’s (NIST) 2017 new password policy framework, you should consider:
Dropping the crazy, complex mixture of upper case letters, symbols, and numbers. Instead, opt for something more user-friendly but with at least eight characters and a maximum length of 64 characters.
Don’t use the same password twice.
The password should contain at least one lowercase letter, one uppercase letter, one number, and four symbols but not the following &%#@_.
Choose something that is easy to remember and never leave a password hint out in the open or make it publicly available for hackers to see
Reset your password when you forget it. But, change it once per year as a general refresh.
If you want to make it easier to manage your passwords, try using a password management tool or password account vault.
4. Use Two-Factor or Multi-Factor Authentication
Two-factor or multi-factor authentication is a service that adds additional layers of security to the standard password method of online identification. Without two-factor authentication, you would normally enter a username and password. But, with two-factor, you would be prompted to enter one additional authentication method such as a Personal Identification Code, another password or even fingerprint. With multi-factor authentication, you would be prompted to enter more than two additional authentication methods. After entering your username and password.
According to NIST, an SMS delivery should not be used during two-factor authentication because malware can be used to attack mobile phone networks and can compromise data during the process.
5. Learn about Phishing Scams – be very suspicious of emails, phone calls, and flyers
We recently blogged that phishing scams are nastier than ever this year. In a phishing scheme attempt, the attacker poses as someone or something the sender is not to trick the recipient into divulging credentials, clicking a malicious link, or opening an attachment that infects the user’s system with malware, trojan, or zero-day vulnerability exploit. This often leads to a ransomware attack. In fact, 90% of ransomware attacks originate from phishing attempts.
A few important cyber security tips to remember about phishing schemes include:
Bottom line – Don’t open email from people you don’t know
Know which links are safe and which are not – hover over a link to discover where it directs to
Be suspicious of the emails sent to you in general – look and see where it came from and if there are grammatical errors
Malicious links can come from friends who have been infected too. So, be extra careful!
6. Protect Your Sensitive Personal Identifiable Information (PII)
Personal Identifiable Information (PII) is any information that can be used by a cybercriminal to identify or locate an individual. PII includes information such as name, address, phone numbers, data of birth, Social Security Number, IP address, location details, or any other physical or digital identity data.
In the new “always-on” world of social media, you should be very cautious about the information you include online. It is recommended that you only show the very minimum about yourself on social media. Consider reviewing your privacy settings across all your social media accounts, particularly Facebook. Adding your home address, birthdate, or any other PII information will dramatically increase your risk of a security breach. Hackers use this information to their advantage! This is one of the key Tips For Cyber Security When Working From Home.
7. Use Your Mobile Devices Securely
According to McAfee Labs, your mobile device is now a target to more than 1.5 million new incidents of mobile malware. Here are some quick tips for mobile device security:
Create a Difficult Mobile Passcode – Not Your Birthdate or Bank PIN
Install Apps from Trusted Sources
Keep Your Device Updated – Hackers Use Vulnerabilities in Unpatched Older Operating Systems
Avoid sending PII or sensitive information over text message or email
Leverage Find my iPhone or the Android Device Manager to prevent loss or theft
Perform regular mobile backups using iCloud or Enabling Backup & Sync from Android
Top New Threats in Mobile Security
8. Backup Your Data Regularly
Backing up your data regularly is an overlooked step in personal online security. The top IT and security managers follow a simple rule called the 3-2-1 backup rule. Essentially, you will keep three copies of your data on two different types of media (local and external hard drive) and one copy in an off-site location (cloud storage).
If you become a victim of ransomware or malware, the only way to restore your data is to erase your systems. And restore with a recently performed backup.
9. Don’t Use Public Wi-Fi
Don’t use a public Wi-Fi without using a Virtual Private Network (VPN). By using a VPN, the traffic between your device and the VPN server is encrypted. This means it’s much more difficult for a cybercriminal to obtain access to your data on your device. Use your cell network if you don’t have a VPN when security is important.
10. Review Your Online Accounts & Credit Reports Regularly for Changes
With the recent Equifax breach, it’s more important than ever for consumers to safeguard their online accounts and monitor their credit reports. A credit freeze is the most effective way for you to protect your personal credit information from cyber criminals right now. Essentially, it allows you to lock your credit and use a personal identification number (PIN) that only you will know. You can then use this PIN when you need to apply for credit.
Top Causes of Security Breaches
Hacking, phishing, and malware incidents are becoming the number one cause of security breaches today. But, what’s more troubling, these hacking attempts are the result of human errors in some way. Education and awareness are critically important in the fight against cybercriminal activity and preventing security breaches.
We hope you found these personal cyber security tips and the knowledge of how personal security breaches occur to be helpful in mitigating your risk from a security incident.
Let us know if you have security tips in the comments below!
Tell us what you think about this article Tips For Cyber Security When Working From Home.
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