Financial Review

Can bitcoin-style decentralisation help prevent data breaches?


A Sydney-based start-up says the spate of recent data breaches headlined by Optus and Medibank has reinforced the urgency to rethink cybersecurity and remove the vulnerabilities of human fallibility.

Tide Foundation, a cybersecurity technology firm that has been collaborating with several corporations, academic institutions and government departments, including the Department of Defence, says almost every system still has a “human with root access”.

 

“Whether it’s as a result of poor quality assurance, a coding error, a misconfigured server or an inside job, there shouldn’t be a scenario where 10 million records can be accessible en masse,” co-founder of Tide Michael Loewy told The Australian Financial Review.

 

“It comes down to trusting a human being – who by our nature are fallible. We can only remember simple passwords, we make mistakes, we lose things, we cut corners, we have a propensity to become disgruntled. How do we ensure that these actions can’t result in catastrophic damage?”

 

 

Listen Here

 

Recent News

Blog
31 Mar 2023

Cybersecurity Predictions and Prescriptions

Cybersecurity in 2023 & Beyond: What to Expect and What Can Be Done

Video
10 Mar 2023

Tide guests on TechStrongTV

Co-Founder Michael Loewy explains need for a more decentralized approach to managing identity and cybersecurity to enable the promise of zero trust.

Video
14 Feb 2023

Tide guests on Zero Trust Podcast

This week we have a two-for-one special and feature our newest panel-style format.

Press
26 Aug 2022

Tide named world-changing startup

Revolutionary new technology to secure the future

Announcement
16 May 2022

RMIT validates Tide’s breakthrough cryptography

New multi-party cryptography enables true zero-trust

Announcement
16 Nov 2021

Tide win startup of the year

By AISA cybersec peak body

Press
27 Nov 2021

JaxEnter interview Tide

Human beings are cybersecurity’s weakest link

Announcement
20 Oct 2021

Cyber Herd Immunity

Breakthrough Cryptography Introduces New Paradigm

Press
22 Sep 2021

TechCrunch

Tide encryption to end the cyber breach pandemic

Press
20 Sep 2021

Tide at TechCrunch Disrupt

Chosen from the most competitive batch in TC history.

Announcement
15 Mar 2021

Tide win Insurtech NY

Tide named best global Insurtech, at marquee insurance event

Announcement
18 Dec 2020

Tide Named Tech23 Winner

Tech23 deep tech community celebrates next disruptors.

Contact

Thanks for getting in touch. We'll get back to you as soon as possible!

Send another message