Digital Asset Outlook 2022
Theme 12. Cybersecurity
12.6 Cybersecurity for digital assets – Future outlook and key themes Cybersecurity is a relatively nascent and radically changing topic in the digital assets space. Below we shed light on key cybersecurity trends that sit at the intersection of digital assets, and provide insights on how the future will look like for cybersecurity for digital assets. Figure 121. Cybersecurity for digital assets – Future events and catalysts Future trends
Details
Significance
Strengthening of antiransomware systems and cybersecurity alliance
The future will see the further development of a system capable of blocking off ransomware attacks, supported by AI and big data-based infrastructure. Governments are forming cybersecurity alliances with firms in the areas of cloud and web hosting services.
It protects firms against hackers who demand ransom after taking hostage of vital information.
Establishment of insurance companies under digital asset exchanges
Establishment of “captive” insurance subsidiaries wholly owned by the firm being insured to reduce costs and improve access to reinsurance markets.
It partially addresses the shortage of insurance coverage available to digital asset exchanges.
Zero trust model
Zero Trust is a strategy to protect critical assets by limiting access by role. Zero Trust is a security concept centred on the assumption that organizations should not automatically trust anyone. Instead, it must verify before granting access to its systems.
It addresses the shortcomings of failing legacy approaches by removing the assumption of trust.
Source: Coindesk, Microsoft
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