Chirp founder: AT&T should store data on blockchain to avoid data leaks

Tim Kravchunovsky, founder and CEO of decentralized telecommunications network Chirp, believes that if multinational telecommunications company AT&T stored data on a blockchain, they might have avoided a data breach. On July 12, the telecommunications company said in a filing with the U.S. SEC that it learned from an investigation that the company had suffered a breach that could have compromised its customers' data. According to the filing, the attackers accessed and copied call records stored in a third-party cloud provider. The data included call logs, text messages, and phone numbers. While the content of the communications was not leaked, the company believes that there was a way to find the names associated with the phone numbers, and hackers could use tools to determine the identity of customers. Kravchunovsky claimed that the incident highlighted the vulnerabilities faced by the networks that people rely on most. The incident seems to be "becoming the norm, not the exception." This could put millions of customers at risk because hackers can identify their homes, workplaces, and contacts. This can allow fraudsters to target them more effectively. Because of this, he believes that current technological solutions do not work and new ones are needed. Kravchunovsky pointed out that blockchain technology and artificial intelligence make it possible to have more secure databases. He added: “Storing data on an immutable ledger and tracking threats in real time allows for rapid response before a breach occurs.” He also explained that decentralized solutions like DePIN can often protect large data streams from cyber threats. (Cointelegraph)