Blockchain Patent Granted to Cybersecurity Company Owned by U.S. Defense Contractor

Published at: April 21, 2019

Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent.

Forcepoint is owned by U.S. defense contractor Raytheon and private equity firm Vista Equity Partners, and Crunchbase estimates its yearly revenue to be $600 million.

The system described in the patent appears to be a complex user behavior monitoring and management system. The system would aim to store data about electronically-observable user interactions and then use this data to identify known good, anomalous and malevolent user actions to enhance the system’s cybersecurity.

Some versions of the system employ blockchain technology, according to the patent:

“In certain embodiments, the association of the additional context may be accomplished via a blockchain block within a user behavior profile blockchain [...] implemented with appropriate time stamping to allow for versioning over time. ”

Furthermore, the patent also provides the possibility of storing user behavior data on the blockchain directly, noting that advantages of the solution are immutability and tamper-evident.

As Cointelegraph recently reported, digital payments giant PayPal has won a cybersecurity patent to protect users from crypto ransomware.

Also, at the beginning of the current month, global consulting company Accenture has patented two solutions focused on blockchain interoperability.

Tags
Related Posts
Binance Security Report Sheds Light On Crypto Scams
A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of fraudulent investment schemes promising quick or exponential returns on cryptocurrency investments. The frauds do not just concern crypto but also forex, binary options and contracts for difference (CFDs). Binance published the report after a Bitcoin (BTC) scam targeted the residents of Winnipeg, Canada, in late June. Scams are often well-organized, big operations Scam organizations are frequently the subject of regulatory warnings but …
Blockchain / July 2, 2020
US Defense Dept. to Experiment With Blockchain-Based Security
The United States Department of Defense (DoD) is pursuing blockchain solutions for cybersecurity as part of its digital modernization strategy. The DoD released plans for blockchain tech in its four-year roadmap on July 12, entitled “DoD Digital Modernization Strategy: DoD Information Resource Management Strategic Plan FY19–23.” According to the report, the DoD’s research branch, the Defense Advanced Research Projects Agency (DARPA), is currently engaged in at least two exploratory blockchain projects focused on cybersecurity. First, DARPA is experimenting with blockchain in order to construct a new — or improved — communication and transaction platform. Stated intentions for this platform include …
Blockchain / July 30, 2019
Amazon Wins Patents for Cryptography and Distributed Data Storage Solutions
E-commerce giant Amazon has won two patents related to methods for protecting the integrity of digital signatures and improving distributed data storage. The two patents were published by by the U.S. Patent and Trademark Office (USPTO) today, Nov. 13. The first patent document, first filed in April of this year, outlines a “signature delegation” method for “protecting the integrity of digital signatures and encrypted communications,” by allowing for the generation, distribution, validation, and revocation of one-time-use cryptographic keys. In the proposed system, these keys are arranged in what is known in cryptography as a “Merkle Tree” structure, which is a …
Blockchain / Nov. 13, 2018
How blockchain archives can change how we record history in wartime
Decentralized blockchain technology has been around for a relatively short period of time, in the grand scheme of things, but its decentralized nature has the power to keep data and information out of the hands of censors looking to create a “safe” and “faultless” version of history. Blockchain is permissionless and literally owned by no one. So, while we can’t save the Alexandria libraries of the past, we can make sure the future is well equipped with the tools necessary to preserve historical records. Here we’ll look at some of the ways nonfungible tokens (NFT) and blockchain technology have been …
Adoption / May 12, 2022
Top 7 cybersecurity jobs in high demand
In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed. Little Friday humour #meme #cybersecurity @hackurityio pic.twitter.com/MArEpCh03k — Harold De Vries (@devries_harold) February 17, 2023 In this article, we will discuss the top seven cybersecurity jobs that are in high demand. Cybersecurity analyst A cybersecurity analyst is responsible for identifying and mitigating cyber threats to an organization’s network and data. They examine system logs and network traffic to find …
Technology / Feb. 26, 2023