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S2 Grupo and Cryptonics Introduce Blockchain Quality Label for Cyber ​​Security for Enterprises

September 11, 2020

The Spanish company S2 Grupo, together with Cryptonics, has introduced a quality seal for cybersecurity in the blockchain technology of companies. In addition, both companies have announced the formation of the Enterprise Blockchain Security Council (EBSec), an open alliance of companies that have a common interest in the secure introduction of blockchain and DLT systems.. This was reported in an article in Bolsamanía.

In the above article, they stated that S2 Grupo is a company specializing in cybersecurity and critical systems management. While Cryptonics is a “spin-off” of the S2 Grupo and specializes in blockchain cybersecurity.

“The Enterprise Blockchain Security Specification (EBSS) will be a guide to best practice in this area to improve security for this type of technology. This is very useful for information technology experts from companies using blockchain, as it allows them to follow essential parameters in order to adequately protect their companies and organizations from cyber protection, ”they explained in the publication.

S2 Grupo and Cryptonics Introduce Blockchain Quality Label for Cyber ​​Security for EnterprisesS2 Grupo and Cryptonics Introduce Blockchain Quality Label for Cyber ​​Security for Enterprises

“Both companies have announced the establishment of the Enterprise Blockchain Security Council (EBSec), an open alliance of companies with a common interest in the secure introduction of blockchain systems and DLT (Distributed Ledger Technology, Distributed Transaction Logs). For the moment, International benchmark companies in the industry are part of this alliance, such as Solidified, a company for the verification of smart contracts and a bug bounty platform (bonus program) specializing in intelligent contract reviews, as well as PARSIQ, a leading provider of blockchain analysis. and specializes in real-time monitoring of digital assets implemented in this technology”, You detailed later.

José Rosell, managing partner of S2 Grupo, spoke about it and said:

“Until now, there were no standards or quality certifications in the blockchain, and more and more companies are using them. This has left a void in corporate cyber protection that we aim to cover with the creation of this landmark seal of quality that will allow us to follow a best practice guide to cyber protecting the blockchain. “

On the other hand, said Miguel A. Juan, also managing partner of the S2 Grupo

“Blockchains are protected by advanced cryptography that is falsely believed to be unbreakable with current technology. This means that digital assets stored in distributed ledgers should, in theory, be extremely secure. However, we have found that cybersecurity incidents consistently result in asset theft. “

Stefan Beyer, CEO of Crytonics, also gave his point of view:

“We encounter major incidents practically every week or new weak points are uncovered. The apparent insecurity of the public space of blockchains has begun to damage the reputation of distributed ledger technology, significantly hampering corporate adoption. This means that companies and entire industries do not clearly see how to use it and so it is important to have standards that allow it to be done in a cyber-secure manner. “

Cybersecurity issues

According to cybersecurity experts from S2 Grupo and Cryptonics There are three cybersecurity problems with general ledger technology:

  • Paradigm shift
  • Bad habits
  • Lack of security in traditional information systems

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