• Trends in cybersecurity in 2021 include higher attacks than the past.
• Data protection problems can arise from centralized storage systems.
• StorX is a platform that introduces users to decentralized storage solutions using blockchain.

High-profile cybersecurity breaches like Solar Winds and Colonial Pipeline made it difficult for cybersecurity to survive in 2021. Other than that, there were many other breaches that caused significant economic and security-related consequences.

The shift in work to hybrid and remote offices has been rapid, and hackers took advantage. Remote working can lead to security gaps and vulnerabilities. These security holes have been exploited more frequently than ever before.

The trend of cybersecurity in previous years is something you should be looking out for. Global cloud storage market is an example of cybersecurity. The market for global cloud storage is expected to increase from $50.1 million in 2020 to $147.3 million by 2025. This market– serviced by companies like Dropbox (NASDAQ:), Apple (NASDAQ:), and Google– have changed the way company operations work thanks to their cloud storage services. However, this service isn’t free of problems.

The data security challenges that centralized cloud storage presents are numerous. There are still issues such as data privacy and cybersecurity, along with data manipulation. This is a direct cause of having third-party entities govern users’ private data.

Decentralized Cloud Storage, therefore, is a good alternative. This idea aims to decentralize cloud service providers’ markets, which are highly monopolized. Instead of directing users to a central service provider, this concept allows them to rent storage directly from farmers.

Decentralized storage has several benefits. A decentralized storage system is more secure than a centralized one. It also reduces censorship. StorX is a proponent of Decentralized Cloud Storage. Businesses that assist customers in securely encrypting, fragmenting and distributing their data to multiple hosting nodes spread across the globe.

StorX, a new start-up, uses the XDC network to create a network that is faster than others and also costs less.

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