Data breaches at Facebook and other tech giants have become all too frequent
A data breach affecting half a million Facebook users from 106 countries came to light in April this year. Malicious actors took advantage of a flaw in the system to obtain user IDs, addresses, phone numbers, email addresses, names of workplaces, and dates of birth, account creation dates, and other confidential information. The data was then exposed on the dark web and allowed nefarious actors to use it for illicit means. Facebook says that hackers accessed user data through data scraping, which is a technique for transferring data from a website to a local file on a computer. In an internally leaked email, Facebook also stated that this particular flaw that allowed the hackers to scrape this information in 2019 no longer applies, and they expect such incidents to repeat in the future. The size of the breach and, more alarmingly, Facebook’s casual admittance that they are expecting more and more of these attacks places further scrutiny into just how safe our data is at these big tech giants and a permanent solution to these breaches if any?
This is where ArGo excels. Our blockchain-based Cloud Storage Platform would’ve not allowed for such breaches and kept all personal and sensitive information on there, completely safe.
Big data organizations becoming increasingly attacked
Almost seemingly daily, there’s a new data breach report at a big data organization. There’s a good reason for this: data breaches are becoming more common and severe at a worrying rate. However, cybersecurity issues do not only affect large businesses or big data organizations. Small and medium-sized organizations are also targeted. Regardless of this fact, much of the press coverage focuses on more prominent companies. According to the Penamon Institute study, the global average for compromised records in 2018 was 24,615 per country, having over thirty thousand records broken in the US during the study’s assessment period. In 2018, the average magnitude of a data breach increased by four percent, as per the report. Data breaches can have severe and long-term consequences for the businesses involved. They can have severe repercussions such as immediate financial implications and significant damage to a company’s brand. Rightly, most big data organizations are becoming increasingly worried about the increase of data breach reports.
Lack of culpability among these tech giants
Despite how prominent the metaphor is now, big internet firms are fundamentally different from other giant firms, resulting in mixed reactions. Yes, there is such a thing as tech addiction. However, tech firms aren’t promoting single-use, harmful products. They have aided in the evisceration of privacy, the exacerbation of discrimination, exploiting psychological flaws, the enchantment of harassment, the intensification of distraction, and the escalation of political tensions. But the record shows a lack of accountability among the big technology companies. No one wants to be responsible for the things that are not done in the right way. Can this lead to an increase in data breaches? Who will push the tech organization to take responsibility for every action going on in their operations? If such questions are answered, then big data organizations might not suffer an increase in data breaches. Note that assumptions can cause greater wrongs to happen.
ArGo’s Decentralized Cloud Protocol is the antithesis to the centralized vulnerabilities
Blockchain is the result of decades of research in security. It takes an entirely new approach to store data. It performs functions, making it particularly well suited to places with high-security requirements and multiple actors who are all unknown to one another. The notion is already being implemented in an exciting way to improve security and defend companies and applications against data breaches. The immutability of the blockchain is one of its most significant characteristics. Because of sequential hashing and cryptography and the decentralized structure, it is nearly impossible for any participant to manipulate data on the database directly. This can be used by businesses that handle sensitive data to ensure data integrity and detect and prevent any data manipulation.
The main benefits of using ArGo’s Decentralized Storage Network (DSNs) architecture are the low cost, high latency, extreme reliability, and privacy. What this translates to in the context of high-level data breaches is that firms using the ArGo platform would not have to worry about such breaches as the make-up of our technology greatly diminishes such occurrences. The emphasis on reliability and decentralization is vital here. Facebook and other tech giant’s centralized and single points of failure make them easy targets for hackers and bad actors to try and target. However, with the ArGo platform and serverless architecture, that would not be the case. Our platform has no downtime, which means there will never be any points of vulnerability for attackers to try and strike.
What ArGo does
ArGo makes front-end web deployment easy, effective, and efficient through its blockchain-based platform that takes your web app to the DNS (Decentralized Storage Networks). ArGo removes the hurdles of centralization and censorship through blockchain, ensuring that your web app is permanently deployed and experiences 100% uptime throughout its life.
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