IBM X-Force Red Launches A New Blockchain Security Service For Vulnerability Protection
IBM X-Force Red Launches A New Blockchain Security Service
IBM X-Force Red, a security team of IBM, has announced a new blockchain testing service today. This brand new service will be used by the clients of the company in order to discover the weaknesses and strengths of a blockchain system. It will have a wide range of solution that can be used in the industry.
According to the press release, the new service will use the expertise of the company in order to evaluate the backend processes used to manage the networks created using the blockchain.
Part of the reason why IBM X-Force Red has created this project is that blockchain will be a huge industry. Companies from all over the world are investing in this industry and this means that they will need the best security solutions in order to make the most of this new technology.
People are using the blockchain because it is such a revolutionary technology. It goes way beyond cryptos and can be an important solution for different kinds of enterprises, as well as to secure transactions which are immutable, fast and transparent. The blockchain is also known for its security, but is it really so secure?
According to IBM X-Force Red solutions, 70% of the blockchain solutions rely on traditional technologies and interfaces and this harms the potential of using this technology because they are not as secure as they could be.
Therefore, the company is offering services that will include public key infrastructure, chain codes and hyperedges in order to give these companies what they need: security.
Charles Henderson, the global head of IBM X-Force Red, has affirmed that the blockchain technology is a breakthrough when you consider how useful it is to protect the integrity of the data that is stored in it.
However, to Henderson, this does not mean that people are protected against attacks. Sometimes they think that they are, but they are not because they lack the right technology in order to protect their data from being accessed from the outside and used in malicious ways.
Henderson cites mobile apps and cloud technology as examples of technologies that first needed to have its security upgraded before they actually became mainstream and started to be used by more people.
The Blockchain And IBM X-Force Red
X-Force Red is an independent team inside IBM. It uses its architecture and technology to offer top security for its clients. The main goal of the team is to find the most needed solution for blockchain-based programs.
The team is comprised of hackers who can break into blockchain networks with the objective of discovering how they are vulnerable and how to correct these flaws in ways that other hackers will be unable to do it. The company provides vulnerability assessments, adversary simulation exercises, management of vulnerability programs and penetration testing, among other things.
According to its press release, the company will offer services of identity and access for the blockchain in order to make it more resilient against attacks, find important smart contract flaws in the systems of its customers and create a public key infrastructure which will secure the creation and the management of certificates and keys that will be used to access the private network.
The company is also able to create defenses against software supply chain attacks by testing the network and creating a strong system.
IBM X-Force Red also uses a cloud-based communication tool known as the Red Portal. With the use of this platform, clients and the security professionals can collaborate in order for both sides to be beneficiated.