Sage Breach Highlights Need for Blockchain

Bitcoin and Blockchain Could Have Prevented UK Payroll Data Breach(1)The payroll is one of the most valuable secrets a company has control over every single day. Most companies keep persona details and bank account information of their employees in a centralized database. Sage, a UK accountancy software group, was recently breached, resulting in the theft of sensitive data. A total of 300 companies are thought to have been affected as a result.

Users of the Sage accountancy software were notified of a potential data breach on August 11, 2016. While it was uncertain specific information had been leaked at that time, the company sent out a generic email to its users. In this day and age of internet criminality, data breaches are becoming the norm rather than the exception.

There are plenty of troubling signs about this data breach that need to be taken into account. First of all, Sage support engineers were unaware of what information was affected as of August 13th. Within two days of a potential data breach, one would expect the affected company to have a basic idea of what has happened.

But there is more, as this data breach has

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