New Cloud Security Alliance report highlights factors to consider when designing blockchain solutions that work in critical industries

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SEATTLE–(BUSINESS WIRE)–The Cloud Security Alliance (CSA), the world’s leading organization dedicated to setting standards, certifications and best practices to ensure a secure cloud computing environment, today released the Blockchain/Distributed Ledger Technology report ( DLT) Risk and Security Considerations. Authored by the CSA Blockchain/Distributed Ledger Working Group, the report encourages stakeholders to take a holistic view of blockchain/DLT network security by providing a reference security architecture to guide stakeholder thinking about why , what and how of Hyperledger Fabric security. .

The document explains the three layers of blockchain security (conceptual, component interaction, and technology) and how they interact with the on-premises and cloud computing environments of organizations in critical industries. It discusses both the value of security controls in terms of controlling an organization’s exposure to operational risk, but also how security measures can enable organizations to exploit business opportunities.

“There is no shortage of guidance on designing, configuring, and deploying Hyperledger Fabric, but too few documents take a systematic approach to Fabric security that recognizes that sustainable security always starts with requirements,” said Dr. Frederick Wamala, editor of the article. author. “Configuration-based framework guidance, for example, rarely explains why high-assurance security checks are needed to obtain permission to operate blockchain solutions in critical sectors. We wanted to fill the information gap by highlighting the steps to consider when designing these types of blockchain solutions.

The document offers guidance to help:

  • Business and government leaders understand the true balance of risk in using blockchain and the resulting risks to security, finance, regulation, reputation, business, and consumers

  • Information security managers and enterprise security architects assess the risk of introducing DLT components into a corporate network while maintaining compliance

  • Regulators and internal risk managers assess potential risks associated with financial crime, consumer exposure and espionage and develop appropriate policies in response

  • Individuals gain high-level knowledge of blockchain security and reduce their exposure to fraudulent activity and inappropriate products

The Blockchain/Distributed Ledger Working Group is dedicated to producing useful content to educate different industries about blockchain and its proper use, as well as defining blockchain security and compliance requirements based on different industries and cases. of use. Those interested in getting involved in future Blockchain/Distributed Ledger research and initiatives are invited to join the working group.

Download the full Blockchain/Distributed Ledger Technology (DLT) Risk and Security Considerations report.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA leverages the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to deliver safety-specific research, education, training, certification, events and products from the cloud. CSA’s business, knowledge and extensive network benefits the entire cloud-affected community, from vendors and customers to governments, entrepreneurs and the insurance industry – and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For more information, visit www.cloudsecurityalliance.org and follow us on Twitter @cloudsa.

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