The risks and challenges of internet security

There is no doubt that the Internet is incredible and has changed the world completely, not forgetting that half the population is still offline. The Internet has changed almost every aspect of life in half the world and that affects the other 50 percent as well. The Internet affects how we work, learn, communicate and play, among other activities.

It has profoundly affected journalism and retail, reinvented the way we manage money, and created industries such as social media and dating apps. It is already known. The Internet was a revolution and continues to be so. In fact, the most revealing may yet be to come. For some we are still in the first act. Of course, it is easy to see only the positive side of the Internet, such as the low costs of international communication, the simplicity and ease of setting up a global business online, and the new ways of accessing health information and services. We would be too naive if we did not recognize that the network of networks also has some persistent and inseparable problems. In addition to the more obvious ones like social media trolls, virtual fraud, fake news, and illegal hacking, the fundamental challenge of the Internet has to do with trust. We cannot get rid of the doubt.

The person we are dealing with on business is who they say they are. This service exists, only authorized persons have access to such a private system. Of course, everyone has their own example of a lack of trust on the Internet. A healthy ecosystem is built on trust. Still, we have achieved wonders with existing technology. In addition to the username and password, we have two-step verification that requires a greater effort to identify yourself. For example, after entering your username and password on the computer, you may be asked to enter a code sent separately to your mobile phone.

We have firewalls and hardware and intrusion detection systems that allow us to block harmful traffic from the Internet. We have biometric measures such as fingerprint and captcha, those boxes that ask you to type the letters or numbers that you see in the photograph to show that you are not a robot. We have made a lot of progress with these security and trust mechanisms and yet we suffer hacker attacks, they block our systems and databases and we cannot access them. They steal our identity and money.

Our ability to innovate through the Internet is hampered and even stopped. To get the vote online, sure that the digital currencies work, that we feel confidence in the communications between machines. Like when two driverless cars negotiate who will pass first, or that identity validation systems leave no loose ends. We need the Internet to be more secure and reliable. For the digital currency called WaterCoin to be possible, a new mechanism was needed that inspired trust, I am talking about a chain of blocks or blockchain, which has not only revolutionized security and trust on the internet, but also allows much more. And if we are entering a new stage of innovation and positive revolution on the Internet, it is probably thanks to the blockchain.