Increasing Cyber Attacks Leave Many Companies Scrambling; Gladius Can Help
DISCLAIMER: This is a guest post by Gladius. The information provided in this post is the responsibility of the writer.
A January 2016 article released by PricewaterhouseCoopers revealed that cybercrimes rose 38% across all industries. This marked the biggest increase in the 12 years since the study was initially published. Since that study over a year and a half ago, cyber-attacks have hardly gone away. The Russians interfered with the 2016 Presidential Election, targeting voting system as well as news platforms like Google and Facebook. Equifax was breached, the SEC was breached; no one is safe anymore.
A recently published Wall Street Journal article noted how the US Army “is preparing to unveil a new approach for fighting future wars that combines space, cyberspace and traditional combat.” The threat of cybercrimes has increased so much that global militaries are preparing for “all-out-war” that accounts for cyber-attacks.
One of the more dangerous cyber-attacks is the distributed denial-of-service (DDoS) attack. DDoS attacks breach a single computer on a given network and then take over the remaining units on said network. From there, the corrupted network spams its target with requests, inquiries, and messages that are meant to crash the system.
Often times, the targets are websites or servers that host millions of users. The DDoS attack, once it crashes the target system, renders it completely useless to its users. The result is a very costly breach, both in terms of money and reputation.
The rise in cybercrimes, DDoS attacks in particular, has demonstrated the weakness of current cyber defense systems. These systems often cost customers a premium, and can’t guarantee the security of their systems.
This has paved the way for blockchain based companies to offer their solutions. One company, Gladius, is reforming the way targets can fight DDoS attacks. Its blockchain platform offers DDoS protection and CDN (content delivery network) services that hold significant advantages over its peers (CloudFlare, Akamai, etc).
Keeping Protection High and Costs Low
The genius of Gladius’ system is its blockchain platform. The platform is by nature decentralized, meaning that one server doesn’t provide all of the protection. The key to understanding this is grasping how traditional CDNs work.
Traditional CDNs connect an origin server to an end user via intermediate or local servers. If a user in Hong Kong needs to connect to an origin server in Los Angeles, the latency will be high and network speed will suffer. If, however, there is a local server with cached data in Delhi, the end user can access the content housed in the Los Angeles server via the Delhi server.
This is how traditional CDNs work–they depend on physical servers with cached data to relay content to customers. These physical server require tremendous amounts of overhead (property rent, property taxes, equipment, bandwidth, etc), resulting in high costs to end users.
In order to prevent DDoS attacks centralized servers must increase bandwidth and computing speed, which can be extremely expensive as it is usually charged per GB. As the sophistication of these attacks grows, protection must grow with it. The outcome is soaring prices for customers.
Gladius’ decentralized blockchain platform is radically different from traditional CDNs. Instead of drawing from a single, local server, Gladius users rent out the bandwidth and processing power of their PCs. They can form local pools that offer protection services to end users, drawing from the collective strength of the pool.
The result is greater protection and a lower price. DDoS attacks must penetrate and take down each of the individual servers within a pool in order to get to the target. And because pre-existing servers are in use, i.e. each user’s rented bandwidth and computer power, the protection is offered at a fraction of the cost to the end user.
Additionally, the pooling of resources allows end users to select a program that best works for them. They can focus on breadth of protection, the cost of protection, and even have the option of increasing their own operating speed by renting out additional computing power.
There is also tremendous benefit for Gladius users who rent out their bandwidth to others. By contributing to a pool, renters collect payment in the form of Gladius tokens from customers users who use their services and products. These tokens can be used to create more pools and programs, or they can be exchanged for other cryptocurrencies to be used elsewhere.
Gladius sets up a decentralized marketplace where potential customers can shop for protection platforms. The onus is on pool creators to market and promote their platforms. As users draw in more customers, their revenues will expand, allowing them to create even more specialized and powerful products.
Renters will be compensated for their work in protection pools and CDNs. The difference between Gladius’ platform and other blockchain platforms is that miners will be rewarded for sharing bandwidth, rather than computing power or currency ownership (proof of work and proof of stake, respectively).
Gladius’ public sale begins on November 1, 2017 and can be accessed via the token sale page on their website. The sale spans a full month, with discounts offered until week four. The full public launch is scheduled for August 2018, contingent upon the success of the ICO and subsequent developmental objectives.
As more and more companies, militaries, and users across the globe face increasing DDoS attacks, Gladius and its blockchain platform offer a novel defense. The current problem is that traditional systems cannot keep up with increasingly dangerous attacks–Gladius is the solution.