🔐 Cybersecurity in the world of cryptocurrencies and decentralized finance is incredibly important. With more cyberattacks and big financial losses, it's clear we need better security.
Ethereum was the most targeted blockchain in the first half of 2024, with 222 incidents causing $315 million in losses.
The primary attack vectors contributing to significant financial losses include:
• Phishing – 150 incidents, resulting in $497.7 million in losses • Code vulnerabilities – 105 incidents, resulting in $80 million in losses • Private key compromises – 42 incidents, resulting in $408.9 million in losses • Exit scams – 55 incidents, resulting in $79 million in losses • Price manipulation – 25 incidents, resulting in $38.5 million in losses • Access control issues – 20 incidents, resulting in $86 million in losses
Improved awareness and education on phishing and key management are critical to mitigating these escalating risks. 🔐
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