1. A sector booming but a shortage of solution

Computer hacking is a global problem that grows every year as the connectivity of individuals and devices increases (explosion of the connected objects market -IoT-, development of smart cities and mass digitization of the population). Not a day passes without us hearing about computer attacks, data leaks or new ransomware. Even though the public, Internet and telecommunications sectors are the main targets of cyberattacks (industrial espionage), piracy affects all categories of businesses ranging from small businesses to web giants. We keep in mind the impressive attack suffered by TV5Monde, which almost ended with a takeover of the broadcast by russian hackers or massive data leaks from web giants such as Linkedin, Yahoo, …

It’s difficult to estimate the losses due to the computer attacks but according to estimates of cybersecurity companies, the losses would be 13 billion dollars for worms and viruses and $ 226 billion for attacks. According to other studies, cybercrime is expected to cost $ 6 trillion a year by 2021.

In their attempts to protect against computer attacks, companies face several problems:

There is a shortage of protection solutions that are proactive in identifying new threats.

Cyber ​​attacks are constantly evolving which makes setting up a very complicated protection policy. In addition, this requires security experts and (very) important financial resources.

Current cybersecurity solutions rely on an isolated and personalized approach to threat management, with (very) limited (or no) knowledge sharing between industry players.

Most of the patterns and signatures that help security software detect a vulnerability are available for free on the Internet, allowing hackers to have the same knowledge as a security consultant.

The consequence is an eternal game between robbers and cops where everyone tries to be one step ahead to protect themselves for the companies and to succeed attack for the hacker.

In this context, Uncloak has created a solution based on blockchain, smart contracts and Artificial Intelligence in order to allow companies to protect themselves at a lower cost while always being one step ahead of hackers.