Visions of Blockchain Magazine S01E04 | Page 14

Megaphone Our platform is a priceless intelligence collection, for example for other banks or organizations from various sectors (e.g. transport, oil and gas, medical). It is valuable be- cause when other companies are hit by the same or similar ransomware, they will be able to respond better to the situ- ation. Also, let’s say a Dutch transport company is DDoSed. That company will be able to report to the platform. By do- ing this, other logistics com- panies will be able to prepare and expect similar situations. It’s about awareness!” But why should a company want to report an incident that can help the competitors prepare and possibly prevent a similar incident? “Simply because when a company is honest, open and transparent about its security status, that will generate and nurture trust in its clients and partners. Therefore, the organizations who are not part of the platform will be less trustworthy, which is an incentive for those who are not yet part of the alliance to join and report when cyber incidents occur. Sharing is caring!” “The platform will also be extended to facilitate and boost various processes. Just one example, lodging cyber insurance claims to insurers.”