Blockchain Security Firm Files Patent for Ransomware Solution EB Drive

Blockchain networking firm All the things Blockchain Inc. has utilized for a patent for its Blockchain drive (EB Drive).

As conventional knowledge storage primarily exists on native or community exhausting drives is weak to ransomware assaults. Regardless of knowledge being encrypted, there are different disadvantages akin to decrypting knowledge, lack of backups and restoring knowledge.

All the things Blockchain, Inc. designs and develops software program options. The Firm supplies blockchain expertise software program options, together with cryptocurrency, good contracts, decentralized knowledge administration, and cryptographic safety.

EB drives stated they can retailer knowledge in a mutable blockchain ledger, defending the corporate’s mental property. As well as, the corporate can present blockchain-enabled ransomware options for companies of all types.

“EB Drive’s progressive and novel use of blockchain’s inherent immutability ensures domestically saved knowledge is protected from ransomware assaults from unhealthy actors,” stated Cedric Harris, Chief Analysis Officer at EBI.

The US Division of Justice has sealed half one million {dollars} in cryptocurrency seized from the NetWalker ransomware group to date.

Europol, European Union’s regulation enforcement company, has additionally put collectively an anti-ransomware initiative that has managed to intercept $630 million {dollars} and extra in ransomware calls for, since 2016.

Picture supply: Shutterstock



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