Security firm releases flawed blockchain into the wild to help educate hackers
Despite their supposed security, there are still many exploitable vulnerabilities that can compromise a Blockchain. But one security firm thinks it can fix that, and it believes the key to developing more secure blockchains is to start with a really insecure one.
Cybersecurity firm, Kudelski Security, has announced that it will be demonstrating its deliberately insecure Blockchain at the Black Hat USA infosec convention in Las Vegas next month. The company claims it’s the industry’s first intentionally vulnerable Blockchain.
Kudelski Security‘s blockchain, called FumbleChain, is designed to be deliberately vulnerable so that budding hackers can ply their trade and try to break it. In doing so, the security firm hopes to learn how hackers exploit the decentralized systems, and eventually learn how to make more secure blockchains.
“There is a common misconception that blockchains are inherently secure, but the reality is that the technology is incredibly nuanced and complex, and a great deal of attention must be paid to its underlying security and cryptography,” said Nathan Hamiel, head of cybersecurity research at Kudelski Security.
The FumbleChain is running a spoof ecommer