In computing, authentication is the process or action of verifying the identity of a user or process. Nowadays that our life is almost fully digital, this process is gaining utmost relevance. According to the Verizon’s 2018 security report, 80% of cyber attacks are caused by weak or bad authentication. This statistic was one of the many things we had the chance to learn at the event Authentication 2.0 organized by Next Big Things, KeySupreme’s Tech Blog.
This gathering brought together people with diverse backgrounds from students to members from the Ministry of South Korean defense department and even to a wider audience who were participating through our live streaming.
During this meetup, Marc Raphael, CEO and founder at KeySupreme highlighted the weaknesses of the current authentication system and how it is desperately in need of a change. “Life is choosing and authenticating. Besides choosing, authentication is the action that we do the most everyday” Marc mentioned while remarking how ingrained authentication is in our daily activities.
“Life is choosing and authenticating. Besides choosing, authentication is the action that we do the most everyday”Marc Raphael, CEO & Founder
After his insightful presentation, the audience seized the opportunity to ask several questions from themes as broad as quantum computing, blockchain and their relationship with cybersecurity.
Following the Q&A section, the attendees were invited to watch a series of short videos from real life situations which showcased different forms of authentication and how vulnerable they were to hackers. The participants, baffled by this constant danger, exchanged ideas and concerns about these authentication methods and explored potential solutions.
To close the event, Next Big Things team invited a Singapore-based startup, Sentinel Protocol which is building a crowdsourced threat intelligence database on the blockchain by leveraging its consensus and incentive system. Brian Yang, head of business, provided an overview of their plugin technology UPPward which purpose is to report and blacklist suspicious wallet addresses and twitter profiles while advising against scams and fake accounts.
The event ended on a positive note, giving hope to users and companies in the cybersecurity industry. New enterprises are being created and new technologies are being developed to tackle one of the most challenging problems the industry is currently facing. The world is ready for a change in the paradigm and we are all looking forward to the new era of authentication. Welcome to Authentication 2.0.