Breaking the Blockchain: The Security Implications of Distributed Ledgers
- Date:December 14, 2016
- Author(s):
- Test
- Report Details: 11 pages, 2 graphics
- Research Topic(s):
- Fraud Management
- Cybersecurity
- Fraud & Security
- PAID CONTENT
Overview
Bitcoin — and by extension its blockchain — has captivated the financial industry. On paper, a private version of the virtual currency’s distributed ledger technology (DLT) could be a common-sense replacement for an array of traditional networks used to exchange value. The blockchain’s speed and transparency make the technology behind the world’s most popular virtual currency an enticing proposition for financial services companies. But known and unknown security risks pose impediments to mass-scale adoption of private blockchains.
Methodology
To gain a better understanding of the issues affecting the security of distributed ledger implementations in financial services, Javelin interviewed executives at financial technology providers, industry associations, distributed ledger vendors, and security assessment firms.
Learn More About This Report & Javelin
Related content
2024 Authentication and Identity-Proofing Vendor Solutions Scorecard
Identity-proofing, a fundamental need of financial services companies, is a space in considerable flux. Fintech companies that cut their teeth as e-commerce payments platforms are ...
Fraud Resolution Gaps Alienate Victims; How Fraud Specialists Can Lend Support
Fraud victims often express frustration over the lack of customer service and resolution they experience when reporting fraud to their financial institutions. The solution: a custo...
How Gift Card Scams Target the Unexpected, And What It Means for Banks
Though the holiday season is nearing the end, gift cards top scammers’ wish lists all year long. Scammers use social media to deploy debt repayment and other moneymaking scams that...
Make informed decisions in a digital financial world