Cybersecurity is big business. And it costs big businesses a lot of money every year (not to mention a few panic attacks and sleepless nights). But as hackers get more inventive and data is increasingly digitized, it’s only logical that cyber threats will rise. Artificial Intelligence (AI) may be able to prevent attacks from happening. Blockchain could make our systems more secure. But beyond our current weak spots, we have another problem–an overwhelming talent gap in cybersecurity and AI.
No offense to the professionals already working in these areas. Hats off to you–you’re doing a great job, make no mistake. But with an EY report finding that 56 percent of senior AI professionals see lack of talent as the biggest barrier to implementing AI, and unemployment in cybersecurity practically nonexistent, there just aren’t enough qualified people to go around.
That leaves a talent gap in cybersecurity and AI that places businesses in a tight spot. The technology is there, but they’re stuck in their tracks. Those with the desired skill sets are of course laughing all the way to the bank, with so many job offers they don’t know what to do. But companies are biting their nails with important positions almost impossible to fill–and the end consumer has to brunt the prices.
“This year, as businesses strategized how to integrate AI into their operations,” said EY Global Innovation Technologies Leader and Global Chief Analytics Officer, Chris Mazzei, “they were hampered by a shortage of experts.”
So how can blockchain help?
Decentralizing Cybersecurity Solutions
When most people think about consumer cybersecurity, they think of antivirus, firewall, or maybe ransomware protection. But in the enterprise space, there are a multitude of tools used to protect companies The average consumer, of course, has no access to them.
For example, can your antivirus tell you if you logged into your Gmail in the UK, and then someone entered your Dropbox account in Argentina? No. But, enterprise cybersecurity can. HEROIC is using the blockchain to decentralize and democratize cybersecurity solutions, making them available to the masses.
“Our mission is to protect the world’s information—of all individuals—not just the biggest businesses,” says Chad Bennett, founder and CEO of HEROIC. “The future of cybersecurity is decentralized and democratized—utilizing AI and the blockchain.”
The HEROIC ecosystem will be open to developers and businesses alike so that they can build their own intelligent solutions. And as the network grows, it naturally becomes more secure.
Gamifying the Bug Bounty Market
HEROIC’s model allows anyone around the world to join the network, which acts as a bridge over the talent gap in cybersecurity and AI. They can unlock important skills from people and places that were previously off the radar. This is the premise of PolySwarm, as well, another decentralized marketplace for cybersecurity experts and enthusiasts to build anti-malware engines.
Former McAfee Antivirus CIO Mark Tonnesen is on the advisory board. He says, “Blockchain could be the answer to the perpetual shortage of security talent.” Polyswarm aims to invite anyone–even cybercriminals–to the table to work on solutions to threats. And they will use cryptocurrency to gamify the bug bounty markets for white hat hackers, making it competitive as well as rewarding.
Jim Bursch, Director of the DASH Bug Bounty Program, served as a virtual sheriff in the wild, wild west that is cryptocurrency with his “Bug bounty” program developed for DASH. The program offers monetary incentives for hackers to identify points of weakness in the security of DASH’s digital currency. This allows for improvements to be made faster, without lack of access to the right individuals. A problem shared is a problem halved. Or broken down into minute fractions with potentially thousands of people on the case.
You can break down threats into microtasks, allowing a collective to work faster to provide the solution. Most cybercriminals are after the money. So, compensate them for their brilliant work and suddenly a very shallow talent pool becomes a vast lake of resources.
Scott Schober, Author of Hacked Again and President/CEO of BVS Systems says, “An incentivized basis for making things happen is extremely effective. Blockchain is a fundamental disrupter and game-changing technology, and by having incentives, it changes the way we make the connections on a much faster scale.”