New cryptography solution aims for 'cyber herd immunity'
Increased reliance on digital systems and remote workforces has drastically increased the attack surface threatening to compromise organizations.
Encrypting information is part of the solution but is still vulnerable if keys fall into the wrong hands. Now though Australian deep tech cybersecurity start-up Tide Foundation has come up with a decentralized solution that offers the promise of 'cyber herd immunity'.
Tide's decentralized design completely shifts the cyber protection strategies for companies so that no one individual or organization controls the 'keys to the kingdom,' nor is there a single vulnerability that can completely compromise the system.
In the Tide solution -- called 'blind secret processing' -- access keys to each of an organization's digital assets (such as data, funds, cyber-physical infrastructure) are fragmented across a host of servers managed by many different organizations. To breach even a single asset an attacker needs to breach the organization holding it, then locate and breach every other organization holding the fragments of the correct key. For a mass breach, this effort would need to be replicated for each individual asset, thus providing exponentially greater security for all.
"Security providers like SolarWinds, Kaseya and others that were seriously compromised were considered the most trusted solutions in the market. But this trust became the very vulnerability exploited in their respective supply chain attacks, because their solutions were granted access to the most sensitive resources of the organizations they were protecting. This resulted in some of the most damaging breaches in history," says Michael Loewy, co-founder of Tide. "To really solve the problem, we need an entirely new way of thinking."
Tide has recently signed an agreement with a leading global technology services company to address the threat of cyber breaches and to build out the adoption of this innovative security model.
You can find out more on the Tide site.