AT&T should have put their data on the blockchain, the exec argued.

A Web3 executive believes that multinational telecommunications company AT&T could have avoided it if they stored their data in the blockchain.

In a July 12 filing with the United States Securities and Exchange Commission (SEC), the telecom company said it had learned through an investigation that the company had suffered a breach that put customer data at risk.

According to the application, the attackers accessed and copied their call logs stored in a third-party cloud provider. The data contains records of calls, texts and phone numbers.

Even if the content of the communications is not tampered with, the company believes there are ways to find names associated with phone numbers and that hackers could use tools to discover the identities of their customers.

AT&T's breach reveals problems with Web2 services

Tim Kravchunovsky, founder and CEO of the decentralized telecommunications network, believes the event highlights the vulnerabilities facing the networks people rely on the most.

The executive argued that since this was the second violation report, the incident “seems to be becoming the norm rather than the exception.” He also pointed out the time it took for a Web3 expert to report the breach. Kravchunovsky said:

“Also, since it takes more than two years to report these violations, there is no guarantee that something similar will not happen now.”

Kravchunovsky said this could have put millions of customers at risk by allowing hackers to identify their homes, workplaces and communications. This allows them to target fraudsters more effectively.

For this reason, the executive argued that the current technological solutions are ineffective and that new solutions are necessary.

Related: Crypto execs on hacking DeFi domain: Stay away from crypto for now

If AT&T's data was in the blockchain, the chances of a breach are “extremely slim.”

Kravchunovsky also argued that blockchain technology and AI have enabled more secure databases. “Storing data on an immutable ledger and monitoring threats in real-time allows for rapid response before a breach occurs,” he added.

Kravchunovsky explained that decentralized solutions such as physical infrastructure networks (DePIN) routinely protect large data streams from cyber threats.

While Web3 cannot guarantee that a breach will not occur, the executive believes the chances are slim. He explained.

“Of course, there's no guarantee that a breach like the one reported by AT&T couldn't happen if the data was stored on the blockchain. But the chances are very small. Also, the blockchain is transparent, so it's impossible to hide these breaches for two years.”

The Web3 expert believes such violations are “inexcusable” with today's technology.

Magazine: Crypto-Second: Evolve Bank Suffers Data Breach, Turbo Todd Fan Loses $3.6K