Real Time Cyber Threat Detection Using Uncloak Innovative Technolog...

Cyber attack has risen drastically from the past decade. This is majorly because of the increase in devices that's are connected to the internet, the IoT, smart cities and mass digitalization. Cyber attack can affect devices ranging from hardware to software devices.

Cyber crime is predicted to cost $6 trillion annually by 2021. One of the most recent of this cyber attack was the Bangladesh bank cyber heist, that occurred in February 2016, when instructions to fraudulently withdraw US $ 1 billion from the account of Bangladesh bank, the Central Bank of Bangladesh, via the Federal Reserve Bank of New York were issued using swift network and transferred to accounts in the Philippines. It was later discovered that Dridex malware was used for the attack.

Obviously the world has not been sitting down doing nothing, there are a lot of softwares, hardwares and governmental agencies put in place to help combat this internet menace of cyber crime.

Examples of this cyber crimes are :

• Phishing
• Malware
• Ransomware
• Spamming
• Information warfare
• Fraud and identity theft.

Even though a significant amount of this threats can be reduced by training of employees and self awareness. Some of these threats are so subtle that they require specialists such as chief information security officers, security engineers, security analysts etc., to employ special hardwares and softwares to combat the threats.

Are specialists and antivirus softwares protection enough?

From the above it is obvious that to combat cyber-crimes equals a very high cost invested in hiring specialists coupled with the numerous hardware and software requirements. This expenses needed to ward of cyber attacks is heavily reducing most organization profits; it is estimated that worldwide cyber security spending will reach $96 billion in 2018, which is a huge amount that should be invested in something profitable if there is a cheaper alternative.

Also, attacks are constantly evolving; hence making cyber-security applications like the antivirus incapable of identifying or anticipating new threats. Of the most recent is the shift away from using malicious exe files to reinforce malware, this creates problem for contemporary security software like the antivirus, which major feature is scanning exe files to make detection. This goes to prove tackling cyber threat requires more than antivirus, firewalls and hardwares system. This is possible because most of the unique features the antivirus software use in detecting cyber-threats are readily available on the public internet, thus allowing hackers to effectively study ways to bypass.

What is the way forward ?

Uncloak is a unique and fully scalable blockchain technology, that enables businesses to monitor, protect itself against and eliminate cyber attack.

Two of the major problems with traditional cyber security platforms are :

Security getting more expensive and difficult to manage.
Cyber attacks are constantly evolving, putting hackers one step ahead.

Uncloak aims to tackle these issues using an AI based analytical tool for the intuitive, automated and seamless performance of security checks.

Uncloak provides the following benefits :-

• The use of uncloak to evaluate a company's computers and network infrastructure would bypass the requirement of specialized , highly skilled labor and expensive software and hardware devices. This would inadvertently reduce both time and cost required to set up. This level of cyber security by Uncloak would be readily available to the public at a lower cost and better end user interaction.

• To combat the constantly evolving cyber threats, Uncloak uses an innovative approach to create a decentralized and scalable system using blockchain powered Cyber security management solution.

This novel decentralized approach rely largely on a broad spectrum of the community to contribute to finding vulnerabilities ( similar to the job of miners in bitcoin technology) through a blockchain based mechanism. Where vulnerability get detected, the end user would be notified immediately so that corrective actions can be taken. While the hunters and validators are rewarded with UCC token and added to a personal wallet on the blockchain.

This unique combination of AI and blockchain technology, coupled with the fact that it engages an active community of cyber security experts to find undiscovered security threats , places Uncloak in the unique position to becoming a market leader in Cyber Security threat detection.

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