• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers
polyswarm

Blockchain Startup for InfoSec Offers Approach to the Threat Detection

NewsBTC by NewsBTC
5 years ago
in Sponsored
Reading Time: 4 mins read

New Blockchain-based platform for information security aims to deliver better protection and reward the most rapid and effective new threat detection methods.

Modern information security companies are unable to detect all the emerging threats accurately and fast enough and provide users and enterprises with full protection. Meanwhile, blockchain startup PolySwarm is going to change the game rules and offer consumers complex and multidimensional crowdsourced protection.

According to Gartner analysts, the spending on information security (IS) is growing 7% over the year to reach $86.4 billion in 2017 and $93 billion in 2018. Meanwhile, the growing market is experiencing the lack of qualified specialists. Forbes says, that in 2019 there will be an unfulfilled demand for about 2 million IS specialists. In this situation, companies all around the world need a complete solution to fight cybercrime, and the problem is that there’s no such one on the market.

Cybercriminals are using more and more sophisticated tools to attack corporations and individuals, and antivirus companies cannot provide the complete protection. The major market players offer some combinations of traditional signature detection methods and heuristic analysis. If the threat is known, they can uncover it with code signatures. Otherwise, threats could find themselves by behavior. So, if a security system observes some unusual traffic or activities within the network, it can inform a security officer or launch some emergency protocol. Nevertheless, the threat stays unknown, every vendor has to find his own method of defense. With limited access to R&D resources and the duplicative efforts incurred, the time that it takes them to react to new threats has risen by 33%.

Large antivirus companies are putting efforts on building threat intelligence networks – to collect information from their clients’ networks and unite the efforts with other specialists. Some call it “cloud detection”, but in fact, you can’t use 2 or 3 protection engines simultaneously, because there’s no interoperability between such solutions like McAfee, Symantec, CheckPoint Software and others. And everyone has to choose the most appropriate one, giving up the idea to get a complex protection.

Distributed threat intelligence

Improvements in security against fraud and cybercrime make up 56 % of the reasons business leaders of the reason why business leaders are currently using or considering adopting blockchain in their organizations, according to an IBM study  

Considering that, shouldn’t surprise us that a security startup is leveraging the blockchain and Ethereum smart contracts to create the first decentralized marketplace for threat detection. This could potentially disrupt the $8.5 billion a year industry that is considered by many as fundamentally flawed.

PolySwarm allows IT experts around the world to monetize their security expertise by creating and maintaining specialized threat detection software. Unlike other bug bounties, threat detection is automated, there is no human in the loop, which allows for faster analysis and scale. Speed and accuracy in malware detection of analysis (executed by engines) is the criteria to get reward experts

The marketplace and its end users benefit from the aggregated protection coverage provided by the thousands of specialized micro engines scanning the files within the platform.  Enterprises get access to specialized security expertise and a lower cost per artifact analyzed than if done internally. In essence, PolySwarm expects enterprises to outsource them part or all of their new threat detection efforts, as currently, 70% of new threats go undetected by signature-based antivirus.

The customer is not locked anymore to the algorithms of a particular vendor. Today you can use a special detection mechanism from British researcher, and tomorrow – some threat intelligence, say, from the Philippines. The multi-definitional model will offer the most effective mechanisms for every particular case

With expertise in information security

The PolySwarm team is well experienced in Information Security and blockchain. Its CEO Steve Bassi earlier has founded a Narf Industries company, which served U.S. Department of Homeland Security and a number of Fortune 500 companies. Now PolySwarm is going to disrupt the information security market, helping experts and threat researchers to monetize their skills and knowledge. The experts from all over the world will have a chance to work together like a real swarm, using a platform with an open source code (check it at Github).

Tags: polyswarm
Tweet123Share196ShareSend
NewsBTC

NewsBTC

Related Posts

ron ron token desantis

The Ascending Trajectory of $RON: Setting the Pace for Years to Come

5 days ago
Online casino Nederland

Online casino Nederland

6 days ago
Potential 20x+ Crypto Presales 2023

Potential 20x+ Crypto Presales 2023

6 days ago
Willing to buy new crypto: Here are the best 10 cryptocurrencies you must invest in

Willing to buy new crypto: Here are the best 10 cryptocurrencies you must invest in

6 days ago
Best Crypto Meme Coin Presales in 2023

Best Crypto Meme Coin Presales in 2023

6 days ago
10 Best Crypto & Bitcoin Gambling Of 2023

10 Best Crypto & Bitcoin Gambling Of 2023

1 week ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    6 days ago
  • Willing to buy new crypto: Here are the best 10...

    6 days ago
  • Best Crypto Meme Coin Presales in 2023

    6 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Can Mooky.io Outpace Dogelon Mars (ELON) and Big Eye Coin...

    8 hours ago
  • Is Mooky the Next Breakout Star after the Impressive Gains...

    8 hours ago
  • Didn’t Make Millions With Pepe (PEPE)? DigiToads...

    11 hours ago
  • Experts are hailing InQubeta (QUBE) and Arbitrum (ARB) as...

    12 hours ago
  • Experts update ETH price prediction

    12 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.