Trend Micro’s Post

🔗 CyVers 》Proactive Web3 Security have recently dropped their security report and there is a lot of information people should know. "Smart Contract Vulnerabilities, with a total financial impact of $607M, represent another major attack vector in the Web3 space. These attacks exploit flaws or weaknesses in the code of smart contracts or other blockchain components. The significant financial toll of these incidents highlights the ongoing challenges in ensuring the security and integrity of smart contract code." Great work Deddy Lavid & Meir Dolev. Recommend everyone gives it a read! #blockchainsecurity #fraud #crypto

IT plays a critical role in digital transformation in the web3 space, particularly in ensuring security. Security is of paramount importance in web3 as it involves decentralized systems, smart contracts, and digital assets. IT professionals implement robust security measures, conduct audits, and establish secure coding practices to protect against vulnerabilities and attacks. By safeguarding user data, digital assets, and the integrity of decentralized applications, IT enhances trust, fosters adoption, and mitigates risks, thereby enabling the secure and sustainable growth of the web3 ecosystem. #innovation #web3 #web3audit #blockchain

Starting a smart contract security audit? 🕵️♀️ Here are 3 fundamental questions to ask about the project/ protocol: 1️⃣ What are the contract's intended functionalities and objectives? Understanding its purpose is crucial for identifying potential vulnerabilities. 2️⃣ How does the contract handle user input and external data? Ensuring robust input validation is key to thwarting common attack vectors. 3️⃣ What external dependencies does the contract rely on? Assessing third-party interactions helps uncover possible risks. #smartcontracts #development #blockchain #web3security #ethereum #solidity #security #web3

Smart contract developers are wired to think: "How do we write smart contracts that do what we want?" Smart contract auditors are wired to think: "How do we break down smart contracts and find the security vulnerabilities?" Smart contract developers are not smart contract auditors. #blockchain #smartcontracts #smartcontractauditor #smartcontractdeveloper

🏦 How to store UBD and UBDN? Bugs in smart contracts, security vulnerabilities, various kinds of defects, and shortcomings in solutions that offer profitability for owners of crypto assets have been easy prey during the last couple of years for computer geniuses who do not want to play by the rules. 💰 By the end of 2022, about $3 billion had been stolen by hackers. Malicious attacks remain a big blockchain problem that spills over from year to year, the only thing that changes is the direction the hackers take. 📝 Therefore, for our users we have implemented one of the main UBD Network rules Hold and Gain, according to which the user should always keep his assets in the wallet and never transfer them to anyone, and our special UBD Network Algorithm monitors whether the funds have been moving or not. This simplifies usability for users and significantly increases the level of security of funds, reducing the risk of possible attacks many times over. https://lnkd.in/dkBZZbUc

Ethical hackers uncover potential threats in Lamassu Bitcoin ATMs, prompting swift action to safeguard users. https://wix.to/ok5C5Q0 #web3 #bitcoinatm #atm #cryptoatm #Lamassu #Lamassubitcoin #btcatm #safeusers #cryptocurrency #cryptowallet #withdrawcrypto #bitcoinmachine #web3 #web3technology #blockchaintechnology #blockchain #vulnerability #hackers #hack #hacking #blockonome #coindesk #bitcoinnews #cryptonews

A WinRar zero-day vulnerability tracked as CVE-2023-38831 was actively exploited to install malware when clicking on harmless files in an archive ,allowing the hackers to breach online cryptocurrency trading accounts. It allowed threat actors to create malicious.RAR and .ZIP archives that displayed seemingly innocous files such as JPG(.jpg) images,text files(.txt),or PDF(.pdf) documents. The zero-day was fixed in WinRAR version 6.23 .The latest version is 7.0

Explore the ultimate list of the top 10 smart contract security tools to fortify your blockchain projects. From static analysis to dynamic scanning, these tools provide robust protection against vulnerabilities, ensuring the integrity of your smart contracts. 🎯 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 👉 https://lnkd.in/g5CW-T3A #SmartContractSecurity #BlockchainDevelopment #SecurityTools #SmartContractAuditing #BlockchainSecurity #SecureCoding #Solidity

Our express audit service is designed to deliver timely results without compromising on quality.

The quick turnaround time of 1-2 days for the audit is particularly appealing for developers looking to expedite the security assessment process.