Chirp founder: ATT should store data on blockchain to avoid data leaks

Odaily News Tim Kravchunovsky, founder and CEO of decentralized telecommunications network Chirp, believes that if multinational telecommunications company ATT stored data on a Blockchain, they might have avoided a data breach. On July 12, the telecommunications company said in a filing with the U.S. SEC that it learned from an investigation that the company had suffered a breach that could have compromised its customers data. According to the filing, the attackers accessed and copied call records stored in a third-party cloud provider. The data included call logs, text messages, and phone numbers. While the content of the communications was not leaked, the company believes that there are ways to find names associated with phone numbers and hackers can use tools to determine the identity of customers. Kravchunovsky claimed that the incident highlights the vulnerabilities faced by the networks that people rely on most. The incident seems to be becoming the norm, not the exception. This could put millions of customers at risk because hackers can identify their homes, workplaces, and contacts. This can allow fraudsters to target them more effectively. Because of this, he believes that current technical solutions do not work and new ones are needed. Kravchunovsky pointed out that blockchain technology and artificial intelligence make it possible to have more secure databases. “Storing data on an immutable ledger and tracking threats in real time allows for rapid response before a breach occurs,” he added, explaining that decentralized solutions like DePIN can often protect large data streams from cyber threats. (Cointelegraph)