TORONTO — Blockchain has been hailed by some in the technology industry as potential method to help improve cyber-security. According to go security researcher Majid Malaika, Blockchain can potentially be abused to enable a new form of botnet that would be very difficult to takedown.
Malaika detailed his Blockchain-powered botnet in a session at the SecTor security conference on Nov. 15. The overall attack method has been dubbed “Botract” by Malaika as it abuse inherent functionality in the smart contracts that help to enable Blockchain.