According to Odaily, Tim Kravchunovsky, the founder and CEO of decentralized telecom network Chirp, has suggested that multinational telecom companies like AT&T could avoid data breaches by storing data on the blockchain. On July 12, AT&T disclosed in a filing to the U.S. SEC that it had experienced a data breach potentially compromising customer data. The breach involved attackers accessing and copying call records stored with a third-party cloud provider. These records included call logs, text messages, and phone numbers. Although the content of communications was not leaked, the company acknowledged that hackers could use tools to identify customers' names associated with phone numbers, posing a risk to customer identity security.
Kravchunovsky highlighted that this incident underscores the vulnerabilities of the networks people rely on most. He noted that such breaches are becoming more common, putting millions of customers at risk as hackers can identify their homes, workplaces, and contact information, making them more susceptible to fraud. He emphasized that current technological solutions are inadequate and that new technological approaches are necessary. Kravchunovsky pointed out that blockchain technology and artificial intelligence could enable more secure databases. He stated, 'Storing data on an immutable ledger and tracking threats in real-time can allow for rapid responses before breaches occur.' He also mentioned that decentralized solutions like DePIN could protect large data streams from cyber threats.