With over 4.1 billion records leaked in the first half of 2019 and 3.2 billion of those data files obtained from only eight breaches, the urgency for individuals to reinforce their cybersecurity and privacy habits and technology will continue to skyrocket into the new year and beyond.
In this article, I provide a brief overview of decentralized cloud storage and decentralized social media networks as hypothetical options to take back ownership of your personal data.
For a primer on the essential steps you and your family members can take to strengthen your overall security and protect your finances and identity, I recommend reading Cyber Smart by Bart McDonough.
Decentralized Cloud Storage
I first learned of the rise in decentralized cloud storage for increased document security and privacy on the Abra Money 3.0 podcast, where Bill Barhydt, Abra Founder and CEO, interviewed David Vorick, Co-founder and CEO of Sia, a decentralized cloud storage network.
Decentralized cloud storage enables users to shift from stockpiling sensitive information in monolithic centralized cloud providers—where files are vulnerable to data breaches, censorship, and more—to more data sovereignty. In a world where 40 percent of people globally feel a loss of control over their personal data, decentralized cloud storage could be a growing mechanism for reclaiming data ownership. Personal data should remain personal.
For detailed information, check out Adam Boudjemaa’s briefing about how decentralized cloud storage worksand his overview of the available decentralized cloud storage solutions.
Decentralized Social Media Networks
In today’s mainstream social media world, you are the product of social media corporations—not their customers. Your personal information is part of a business model and is resold or given to third parties, such as advertisers and political data companies like Cambridge Analytica.
Instead of swearing off centralized social media entities completely, consider decentralized social media sites that use blockchain technology to keep users private and secure.
Read here for an overview of the top decentralized social networks.
While decentralization technology continues to grow and evolve and becomes more user-friendly, it is nevertheless important to keep these potential solutions on your cybersecurity radar. To take back our personal data ownership and privacy, decentralization—and not centralization—could be the key to a more secure and confidential future.