Kudelski Security Announces New Blockchain Security Center

Kudelski Security, the cybersecurity division of the Kudelski Group (SIX: KUD.S), announced on Tuesday the launch of its new Blockchain Security Center (BSC), which is reportedly making available its cryptography expertise into the rapidly evolving blockchain developer community.

According to Kudelski Security, the BSC will provide new offerings and has a concrete roadmap to develop foundational technologies that help integrate security into and around blockchain solutions for enterprises and within public, as well as private, sectors. While sharing details about the BSC launch, Rich Fennessy, CEO of Kudelski Security, stated:

“Enterprises are exploring the technology in earnest, and new blockchain-based solutions are being developed every day. Leveraging our cryptography expertise and experience in blockchain security consulting, we have made it our mission to improve blockchain security so that emerging solutions enhance overall enterprise cybersecurity, rather than generate new vulnerabilities.”

Scott Carlson, former director of systems security strategy at PayPal and CISO of blockchain-based financial system Sweetbridge, now responsible for spearheading Kudelski Security’s security efforts, went on to add:

“It’s a myth that blockchain is inherently secure. While transactions on a blockchain are protected by proven mathematics, security is quite often forgotten and not necessarily integrated into the associated applications, processes, systems and technology. This is where we come in. We help companies operating in the digital finance, communications and IoT space secure their products using tested methodologies and common sense approaches, to deliver better performance and greater trust to the end user. We do not simply look at the code; we work with the entire set of components present with an ecosystem of manufacturers, end-users, enterprises, and code-creators.”

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