Traditional technology companies can't sit still, everything has to be on the chain, this is the general trend!

Chirp founder: AT&T should store data on the blockchain to avoid data leakage

Tim Kravchunovsky, founder and CEO of decentralized telecommunications network Chirp, believes that if multinational telecommunications company AT&T stores data on the blockchain, they may avoid data leakage.

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 endanger its customer data. According to the documents, the attacker accessed and copied call records stored in a third-party cloud provider. The data includes call records, text messages and phone numbers. Although the content of the communication was not leaked, the company believes that there is a way to find the name associated with the phone number, and hackers can use tools to determine the identity of customers.

Kravchunovsky said that this incident highlights the vulnerabilities faced by the network 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 technological solutions do not work and new ones are needed.

Kravchunovsky noted that blockchain technology and artificial intelligence make it possible to have more secure databases. He added: "Storing data on an immutable ledger and tracking threats in real time allows for a quick response before a breach occurs."

He also explained that decentralized solutions like DePIN can often protect large data flows from cyber threats. (Cointelegraph)