Verizon Boosts Security Portfolio With Blockchain Technology

Verizon Boosts Security Portfolio With Blockchain Technology

Verizon Business adopts blockchain technology to restructure its security mechanism to fight cybercrime

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Verizon Business has announced the inclusion of new security services, including two new administration and identity access systems using blockchain-based technology.

These are Verizon Identity (VID) and Verizon Machine State Integrity, which are modeled within a Blockchain environment, according to the US technology firm on March 5th. 

In the case of VID, identity information is encrypted and subsequently distributed through multiple servers in the blockchain, so there would not be a centralized base that can be attacked by cybercriminals. 

According to the company, Verizon ID will allow users to store their access credentials in a “secure digital environment” on their mobile phones, which can be accessed and validated more easily.

A solution to an old issue

A Verizon study entitled “Verizon’s 2019 Data Breach Investigations Report,” showed that 29 percent of the breaches investigated involved the use of stolen credentials.

On the other hand, the Verizon Machine State Integrity will obtain operational data from fully decentralized environments, to offer a broader picture of potential security issues.

The system continually monitors a structure of machines composed of servers, routers, gateways, among others, to create a verifiable chain of events based on the state of the machine, instead of just logs.

Alex Schlager, Executive Director and Chief Product Officer of security services at Verizon Business, gave his opinion:

“Cybercrime is a daily threat to every organization and government across the globe. Our 2019 Data Breach Investigations Report highlighted that financially motivated cyberattacks are increasing across the board, and that C-level executives are increasingly and proactively targeted by social breaches, linked to (for example) stolen credentials. […] These Verizon solutions offer a significant step forward in cybersecurity protection.”

In this case, the mechanism relies on hash technology to leave a small footprint.

Services availability date

Verizon has specified that the VID is available to users globally. Meanwhile, the Verizon Machine State Integrity will be available to US users from the second quarter of 2020.


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Verizon Business adopts blockchain technology to restructure its security mechanism to fight cybercrime

Verizon Awarded Patent for Blockchain-Based Virtual SIM Cards

Verizon Awarded Patent for Blockchain-Based Virtual SIM Cards

Leading communications and technology company Verizon has won a patent for blockchain-based virtual SIM cards

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Leading communications and technology company Verizon has been awarded a patent for using virtual subscriber identity modules (vSIMs) for customers’ devices.

A filing with the United States Patent and Trademark Office on Sept. 10 details a blockchain encryption technology, wherein a traditional physical SIM card can be replaced with a software SIM version. According to the filing, this ensures more security and the existence of only one copy of the vSIM on one device at a time. The document further explains:

“The network device initiates creation of a blockchain including a vSIM certificate for the network services, wherein the vSIM certificate includes an International Mobile Subscriber Identity (IMSI). […] The vSIM can be retrieved and used by any one of different devices associated with the user account, transferred between devices associated with the same user account, or temporarily assigned to other users.”

Protection with an authentication code

VSIMs are secured with a special authentication code which precludes any parties from accessing it if the authentication code received from a customer’s device does not match the authentication code registered with the vSIM platform.

Attempts to bribe Verizon’s staff for SIM info

In a dedicated analysis published in November last year, Cointelegraph reported that an anonymous source at Verizon had been approached via Reddit, where he was offered bribes in exchange for SIM swaps. He was told that he could make up to $1,000 per week for transferring customers’ phone numbers onto new SIM cards.

Another Verizon employee claimed that the hacker, who also found him on Reddit, promised that they would make “$100,000 in a few months” if he would cooperate — all he had to do is “either activate the SIM cards for [the hacker] when [he was] at work or give [the attacker his] Employee ID and PIN.”

Blockchain priorities

This summer, Verizon was actively looking to hire new recruits for blockchain-related jobs, including blockchain developers. In particular, Verizon posted five openings for a blockchain developer on July 1. According to the listing, successful applicants would be required to “research, design, develop and test blockchain technologies” among other responsibilities.


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Leading communications and technology company Verizon has won a patent for blockchain-based virtual SIM cards

Telecoms Giant Verizon Seeks Talent for Blockchain-Related Positions

Telecoms Giant Verizon Seeks Talent for Blockchain-Related Positions

Verizon has open listings for blockchain developers and roles for which blockchain knowledge is listed as a plus

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A search for “blockchain” on the career page for telecoms giant Verizon reveals that the company is actively looking to hire new recruits for blockchain-related jobs, including five blockchain developers.

The Block highlighted the vacancies in a report on July 24. Verizon is apparently interested in creating a distributed network, as per the report. Additionally, the report specifies that a leading engineer at Verizon believes that hiring options are thin right now:

“Google, Facebook, Microsoft, those guys are just taking the cream of the crop. […] I have interviewed over 100 candidates in the last couple of years and it’s getting harder to find good calibre candidates in blockchain.”

At press time, there are over three dozen blockchain-related positions open at Verizon. Out of these positions, there appear to be results for technology, marketing and strategy positions.

The earliest posted offer still open, listed on June 13, is for the role of lead software engineer and mentions a preference for applicants with “knowledge of Blockchain technologies such as Hyperledger.”

In addition to postings which simply mention blockchain expertise as a bonus, there are also positions for blockchain work more specifically. In particular, Verizon posted 5 openings for a blockchain developer on July 1. According to the listing, successful applicants would be required to “research, design, develop and test blockchain technologies” among other responsibilities.

As previously reported by Cointelegraph, a report by identity management firm Okta suggests that 61% of digital tech giants globally are investing in blockchain. Otka gathered data from 1,050 decision makers within various tech companies.


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Verizon has open listings for blockchain developers and roles for which blockchain knowledge is listed as a plus