EVOLUTION IN CYBER SECURITY
REMME Core 0.1.0 protocol released
Have you heard of the REMME Core 0.1.0 protocol?
REMME is a Ukrainian company that specializes in cybersecurity. They created the REMME Core 0.1.0 protocol aiming to eliminate human error by getting rid of computer passwords entirely. Let us try to clarify what they mean by that.
Is password management taken seriously?
Short answer: No, it isn’t. Password management is important. It is not only about password storing but also about creating strong passwords. Poor passwords are the greatest weakness to modern computer systems. Hacking one weak password is enough for an attacker to take control over complete secured systems. Remember the unbelievably stupid mistake that Equifax made: they forgot to change the default admin/admin user/password combination in just one online employee portal in their system. They will never forget the day when they lost the Social Security numbers of 143 million Americans in September 2017.
News like this don’t seem to motivate people to manage their passwords better. According to statistics, over 80% of people reuse their passwords. The most handy solution is to use a password manager, yet very few people use them.
How does it work?
The Ukrainian company, REMME aims to make passwords obsolete. The long-term solution they offer is: Bypass the password entirely. The “how” might sound too technical for now but they believe it is the logical next step in cybersecurity development: The solution is to migrate the authentication process onto the blockchain, thereby eliminating human error from the equation. This will be done by using their distributed REMME Public Key Infrastructure protocol (PKId) combined with a set of Access Management DApps built on top of it.
It’s not quite clear? You are not alone. The point is, we need an evolutionary step in cybersecurity, and the REMME team are working on it.
Is this protocol available for the public?
Not yet. But its existence is important news. We hear so much about cyber-attacks and in the age of crypto-currencies, more and more money, more and more investment is stored on computers, on application or on crypto exchanges. Cybersecurity desperately needs revolutionary development. The Alpha release of REMME Core 0.1.0 protocol means that the company offers access to developers to the core of the protocol, to continue work on the system so that the project become completed and available for the public as soon as possible.
Can we take the company seriously?
REMME was recognised at the Microsoft Blockchain Intensive held by Microsoft Ukraine last summer. The team won first place at the event’s blockchain-themed hackathon.
The project started in 2015 after a series of cyber attacks against large Ukrainian companies. By early 2016, the first closed beta version of the product was completed, which was followed by a second version was released on top of the Bitcoin blockchain in 2017.
We sorted the available information around the five most important questions to make it as easy to digest as possible, though it’s obvious that, since it’s the future of cybersecurity, it’s hard to figure out how it will actually work. What matters is, there are projects out there, efforts to guarantee higher security, not only for our precious data, but even more importantly, for our crypto funds stored in cyberspace.