Web3 and Ransomware Attacks

Jerry Huang () and Ken Huang ()
Additional contact information
Jerry Huang: The University of Chicago
Ken Huang: DistributedApps LLC

Chapter Chapter 6 in Web3 Applications Security and New Security Landscape, 2024, pp 95-126 from Springer

Abstract: Abstract This chapter explores the escalating threat of ransomware attacks and the potential of blockchain technology as a defense mechanism. Ransomware, known for encrypting victims’ files and demanding ransoms, presents a significant threat across various sectors. This chapter examines blockchain’s strengths and weaknesses in combating ransomware, focusing on its immutability, data protection, and decentralized storage capabilities. It discusses the technical architecture of blockchain in resisting ransomware, including data entry, chain linkage, distributed ledgers, and consensus mechanisms. The chapter also addresses implementation considerations like smart contract programming, data access control, and integration with external threat intelligence for automated incident response.

Keywords: Web3; Ransomware; Blockchain; Defense mechanism; Immutable records; Data protection; Decentralized data storage; Smart contracts; Data integrity; Attack vectors (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-031-58002-4_6

Ordering information: This item can be ordered from
http://www.springer.com/9783031580024

DOI: 10.1007/978-3-031-58002-4_6

Access Statistics for this chapter

More chapters in Future of Business and Finance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().