What would you do if your company’s IT devices were discovered to be part of a botnet? In October 2018, dozens of companies’ Hadoop servers were found to be compromised and participating in a self-replicating botnet. The botnet’s malware was able to install itself via a vulnerability in Hadoop that had been publicly known for over two years . Botnets are a significant threat to U.S. online infrastructure. According to Kaspersky Labs, the majority of cyber attacks originating from botnets in 2018 targeted financial services and online stores .
Financial technology (Fintech) has a long history of innovation, but there have been interesting changes now that Bitcoin has demonstrated the possibility of having a trustworthy system even when dealing with untrusted parties. It has taken Bitcoin quite a few years to earn the level of trust and acceptance it has today, but it serves as an existence proof that this level of trust is both technical and socially possible. This is what the altcoins and other blockchain technologies are banking on.