Fighting Back: Emergent Technologies To Secure Crypto Firms Against Cyberattacks

Cybersecurity and Infrastructure Security Agency (CISA) and the U.S. Treasury Department have warned cryptocurrency firms to watch out for attacks from North Korean state-sponsored hackers. With crypto being where the money is – online games, stablecoins, and crypto wallets – everything is fair game for hackers who exploit their weak spots and are trying to hit the jackpot. DeFi, which aims to provide an alternative to traditional financial systems, has become an attractive target for cyberattacks, thanks to the billions of dollars locked up in the various applications which are largely run autonomously. Such high profile cyber incidents also cause venture capitalists to hesitate before investing in these platforms, as they highlight the underlying security weaknesses in blockchain services, especially with blockchain bridges. The growing list of breaches stem in part from errors in writing Source