IBM wants to test vulnerabilities in blockchains – before they reach mass .
On March 5, tech giant IBM the development of a new service designed to test vulnerabilities in enterprise platforms.
The initiative, dubbed the “X-Force Red Testing service,” is run by IBM’s in-house X-Force Red security team and is intended to test the security of back-end processes for -powered networks.
In January 2018, tech advisory firm International Data Corporation (IDC) published a suggesting that by 2021, the amount of money spent on developing platforms will grow by 81.2 percent and global spending could reach $9.7 billion. IDC sees the majority of this growth happening in the US, with the country constituting over 40 percent of global spending. Western Europe spends the second-most on platforms, with and the Asia-Pacific region tied for third. The study forecasts a 152.5 percent compounded annual growth rate for technology in Latin America and a 127.3 percent rate in .
With the increasing of technology, attacks by those wishing to steal data won’t simply disappear. With its new testing service, IBM hopes to seal the security gaps in enterprise platforms before hackers can find and exploit them.
According to IBM’s announcement, the X-Force Red team, which is comprised of hackers well-versed in security, will “evaluate the whole implementation [of enterprise platforms] including chain code, public key infrastructure, and hyperledgers.” It will also assess hardware and software applications “used to control access and manage networks.” IBM believes this new service will help developers create more secure platforms that can be adopted quickly with minimal risk.
Charles Henderson, the global head of IBM X-Force Red, spoke to the importance of developing security testing services before blockchains achieve mass :
“While is a breakthrough for protecting the integrity of data, that does not mean the solutions that leverage it are immune from attackers, which is why security testing is essential during development and after deployment. If we look at mobile applications, cloud computing, and even personal computers – all these innovations needed to adopt policies and techniques for security after they grew in popularity. presents businesses with an opportunity to break that trend.”
This testing service is just IBM’s most recent foray into the industry. In February 2017, IBM its collaboration with the government of Dubai to experiment with technology in the fields of trade logistics, transportation, and the Internet of Things. In August 2018, IBM the Australian government develop a national network. Just last month, IBM began in a pilot program aimed at tracking groundwater used by farmers in California’s Sacramento-San Joaquin River Delta.
Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.
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Published at Thu, 07 Mar 2019 19:10:32 +0000
