Cybersecurity and Blockchain Usage in Contemporary Business

Abstract

The use of computers is becoming more and more common. The power and maliciousness of powerful attackers are increasing. Organizations must improve their ability to mitigate information security threats. Adequate protection is more critical than ever. With websites and social media platforms holding a wealth of personal information and potentially damaging content, attackers use the internet's sophisticated hacking tools to cause harm to individuals and organizations. Attacks have become stealthier, with more significant economic damage and broader damage. Blockchain must be the solution to the security problem of financial transactions. However, judging from the results and expected answers from the industry and organization, it is crucial to understand how financial institutions deal with these issues by looking at blockchain deployments in cybersecurity. A blockchain is a digital database that records all mentoring transactions. This technology supports many different exchanges that are currently in use. The authors also believe that blockchain should be integrated into many parts of cybersecurity. The primary goal of this chapter is to review relevant research papers and book chapters over the past 10 years to understand how successful cybersecurity and blockchain implementations have been in the enterprise and to identify the different challenges and concerns that enterprise personnel face. They also provide suggestions and solutions to problems.