Cyber Threat: Everyone is a Target
Cyber attack or hacking is the biggest headache of information technology (IT) security. The internet has become pervasive, extending to almost every aspect of our daily life – business and private. Businesses are heavily reliant on data and IT especially to support mission-critical functions. Hackers are always on the prowl ready to infiltrate, steal and/or cause heavy damage to information assets such as hardware, desktops, laptops, intellectual properties, financial details, trade secrets, and other sensitive data. The impacts of cyber-attacks can be devastating, causing serious economic losses and reputational damage. According to the outcomes of a recent study, the cost of cyber attacks has escalated to unprecedented levels, surpassing $600 billion in 2017. There is no organization that is completely shielded from hacking attempts; this is why cyber security cannot be overemphasized. Hackers make use of various attack vectors to exploit vulnerabilities in their victim’s system.
The best approach to stay on top of IT security is for companies to identify and swiftly resolve security vulnerabilities right before a hacker does. This is what it means to be proactive. Unfortunately, there are few cyber security solutions that are proactive in finding new security threats; most commercially available security analytical tools are not constantly updated and so detect known vulnerabilities only, whereas cyber threats are ever dynamic and virulent.
Security threats of today have evolved beyond setting up of protective systems such as antivirus, firewalls and intrusion detection system (IDS) only; there is a need for an ongoing risk assessment. Cyber security assessment and management is often a difficult task requiring highly skilled security experts, significant cost, and extensive installation time.
The Uncloak Solution
Uncloak is a decentralized, fully scalable cyber security management solution driven by blockchain and artificial intelligence (AI) technologies. It leverages the on the expertise and contributions of a wider community of security professionals to develop a platform offering security audit as a service on the blockchain for consumers. Uncloak is combining the strengths of EOS blockchain and advanced AI to construct a robust threat detection database to surveil both the public web and dark web for new and emerging threats. This empowers businesses to monitor and mitigate or eliminate cyber threats before they become a nagging problem.
Uncloak features a blockchain-powered bug bounty which allows a community of verified IT security professionals to team up to identify vulnerabilities within applications and network devices and also proffer rectifying measures to resolve the issues of concern. Before a security vulnerability can be recorded to the blockchain, it is first authenticated by up to 4 validators. If confirmed to be a new cyber threat, the bug discoverer (hunter) and validators are rewarded with UCC tokens which can be converted to tradeable UNC tokens on the Uncloak platform. The voting rights and reward systems are governed by smart contracts on the Uncloak platform, this engenders transparency.
Key Benefits of Uncloak Platform
Uncloak provides clients with key benefits, including but not limited to; real-time analytics on latest cyber threats, automated reporting of IT security compliance standards (such as NIST, PCI DSS, ISO, GDPR, FCA and SRA), access to immutable vulnerability database, scheduled automated vulnerability assessment of all workstations, network devices, operating systems, and applications, and recommendation of remediation measures to eliminate vulnerabilities.
Both small and large organizations can enjoy the benefits of Uncloak through subscription. Companies can purchase ethical hacking testing for their own systems from a pool of verified competent hunters. The operational and economic costs required to achieving a holistic and efficient cyber threat management system is often too expensive for small businesses to afford. But Uncloak is providing an iterative, consistent, cost-effective and proactive cyber security tool and support at a lower cost for all categories of businesses. This will enable companies to maximize profit while still optimizing enterprise IT security.
Uncloak Team
Uncloak team consists of highly skilled and accomplished professionals with impressive profiles and decades of experience in cyber security, software development, data center management, business management, and blockchain development. The team is led by Tayo dada (CEO and Co-Founder) and supported by a number of advisors, who are technology heavyweights and highly successful entrepreneurs.
Uncloak Initial Coin Offering (ICO)
Uncloak will be raising growth funds needed for the full development and commercialization of its cyber threat technology through crowd sale. Below is the tokenomics of the ICO:
Token name: Uncloak
Token symbol: UNC (ERC20)
Accepted payment method: Ethereum
Total supply: 4,200,000,000
Token price: $0.01
Token sale: 50%
Presale period: 25th May, 2018 – 25th June, 2018.
ICO period: 26th June, 2018 – 3rd July, 2018.
For further information about the project and token sale, kindly visit these links:
Website: https://uncloak.io
Whitepaper: https://whitepaper.uncloak.io/
Telegram group: https://t.me/uncloakio