Cybercrime is evolving rapidly, and centralization of computing power and data assets is going to result in many catastrophic business failures if we don’t accept where we’re at today and begin to address it.

In my 30+ years experience as a security consultant I’ve worked at the highest levels in Military, Government, Financial and Corporate organizations and I can tell you the situation has got worse, not better.

Today a reasonably well organized group of attackers can net themselves $200 — $300 million in a small amount of time, with moderate effort but even at this seemingly incredible level of return for their moderate efforts they’re still only scratching the surface of what’s possible.

It is impossible to stop a determined attacker, and we’re making it easy for them by centralizing data storage. This is especially true for the small to mid-sized companies and non-profits that are not staffed and equipped to handle devastating hacks and ransomware extortions.

A lot of catastrophic failures will be avoided if organizations begin investing time now in planning for the blockchain cloud of the future and realize taking steps today to mitigate ransomware attacks is critical.

Major technology trends in my lifetime:

PC’s >> Internet >> Blockchain

We began business computing with dumb terminals connected to central mainframes that provided processing and storage, then later switched to decentralized computing with PC’s empowered with great software.

As the Internet era came about we hooked our PC’s up to the Internet and turned them back into dumb terminals thanks to the browser we know and love today, but in that process we’ve also re-centralized computing and weakened security in the organization.

With blockchain technology it’s entirely possible today to shift back to decentralized processing and storage using some of the smarter blockchain technologies like Ethereum.

The future of computing and communications has to be decentralized, it’s just too risky to centralize everything, the concentration risk is ridiculously high and it also costs us dearly in terms of privacy and equality.

I strongly recommend you look into blockchain, and Ethereum as part of a strategy to improve the resilience of your business.

Article by:

Adam Sculthorpe, Co-Founder of PatrolX