Zamani, E. orcid.org/0000-0003-3110-7495, He, Y. and Phillips, M. (2018) On the security risks of the blockchain. Journal of Computer Information Systems, 60 (6). pp. 495-506. ISSN 0887-4417
Abstract
The adoption of blockchain technology is taking place at a fast pace. Security features inherent in blockchain make it resistant to attack, but they do not make it immune, and blockchain security risks do exists. This paper details the associated risks and concerns of the blockchain. We explore relevant standards and regulations related to blockchain and survey and analyze 38 blockchain incidents to determine the root cause to provide a view of the most frequent vulnerabilities exploited. The paper reviews six of these 38 incidents in greater detail. The selection is made by choosing incidents with the most frequent root cause. In the review of the incidents, the paper details what happened and why and aims to address what could have been done to mitigate the attack. The paper concludes with a recommendation on a framework to reduce cyber security risks when using blockchain technologies.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018 International Association for Computer Information Systems. This is an author produced version of a paper subsequently published in Journal of Computer Information Systems. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Security; standards; blockchain; root cause analysis; security recommendations |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Information School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 08 Mar 2019 10:11 |
Last Modified: | 19 Nov 2021 11:28 |
Status: | Published |
Publisher: | Taylor & Francis |
Refereed: | Yes |
Identification Number: | 10.1080/08874417.2018.1538709 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:143412 |