{"id":300106,"date":"2021-08-20T11:31:53","date_gmt":"2021-08-20T15:31:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=300106"},"modified":"2021-09-24T10:43:36","modified_gmt":"2021-09-24T10:43:36","slug":"kaspersky-and-interpol-say-blockchain-is-vulnerable","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/kaspersky-and-interpol-say-blockchain-is-vulnerable","title":{"rendered":"Kaspersky and INTERPOL Claimed Blockchain is Vulnerable (2015 Retrospective)"},"content":{"rendered":"<div class=\"postcontent\">\n<div class=\"thumbouter fl\"><em>News powered by Bitcoinist.net<\/em><\/div>\n<div><\/div>\n<\/div>\n<div>Original article source: https:\/\/bitcoinist.com\/kaspersky-labs-interpol-blockchain-vulnerable\/<\/div>\n<div><\/div>\n<div>Original article published in 2015<\/div>\n<div class=\"fl\">\n<h2><strong>Kaspersky Labs and INTERPOL have presented research in which they show how blockchain-based cryptocurrencies can potentially be abused with arbitrary data that can be disseminated through its public decentralized databases.<\/strong><\/h2>\n<p>These two entities addressed the issue at the BlackHat Asia conference in Singapore. They successfully demonstrated how arbitrary data can be injected into a digital currency decentralized database simply by using an exploit code that opens a notepad enabling corrupted data to be inserted into the\u00a0Blockchain.<\/p>\n<p>Not long ago, Kaspersky Lab\u2019s\u00a0signed an agreement\u00a0and a memorandum of understanding with INTERPOL and Europol in order to expand cooperation in a joint fight against cybercrime. In addition, the company has also organized a series of training sessions for INTERPOL staff to give them some knowledge about malware analysis, digital forensics, and financial threat research.<\/p>\n<p>A Kaspersky researcher named\u00a0Vitaly Kamluk explains:<\/p>\n<blockquote><p><em>\u201cBlockchainware, short for blockchain-based software, stores some of its executable code in the decentralized databases of cryptocurrency transactions. It is based on the idea of establishing a connection to the P2P networks of cryptocurrency enthusiasts, fetching information from transaction records and running it as a code. Depending on the payload fetched from the network, it can be either benign or malicious.\u201d<\/em><\/p><\/blockquote>\n<p>Vitaly also stresses that before digital currency can be widely accepted, we need to understand the full potential of the threats it faces. The Bitcoin community seems to agree with Vitaly, as\u00a0security is a healthy industry seeing\u00a0remarkable growth in the cryptocurrency ecosystem.<\/p>\n<p>A report from\u00a0Juniper projects that the number of active Bitcoin users worldwide will reach 4.7 million by the end of 2019, up from just over 1.3 million last year. The company expects usage to continue to be dominated by exchange trading, with retail adoption largely restricted to relatively niche demographics. This is surely good news for the virtual currency industry, and it means that the potential of the technology has already been recognized.<\/p>\n<p>The importance of cryptocurrencies on e-commerce and other online financial activities has been growing at an astonishing rate, and concerns over security are growing.\u00a0Security issues will likely always be present in the Bitcoin world, and users will have to rely on cybersecurity firms to constantly innovate and provide solutions.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">News powered by Bitcoinist.net Original article source: https:\/\/bitcoinist.com\/kaspersky-labs-interpol-blockchain-vulnerable\/ Original article published in 2015 Kaspersky Labs and INTERPOL have presented research in which they show how <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/kaspersky-and-interpol-say-blockchain-is-vulnerable\" title=\"Kaspersky and INTERPOL Claimed Blockchain is Vulnerable (2015 Retrospective)\">[&#8230;]<\/a><\/div>","protected":false},"author":1822,"featured_media":282069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-300106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - 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He is always looking for new ways to innovate on content delivery to foster engagement and help provide incisive and timely news and analysis of the fast-moving crypto markets for the website's expanding audience. Gary has deep experience in the crypto world as both a journalist and analyst. He applies his knowledge and skills by helping InsideBitcoin's readers stay a step ahead, empowering them to seize emerging opportunities in this revolutionary and disruptive space. Above all, InsideBitcoin's mission is to cater to everyone's needs, whether casual readers or sophisticated traders. Gary was an editor at Money Observer, formerly owned by the Guardian Media Group. He was also previously the cryptocurrency analyst at top UK stockbroker Interactive investor. 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