Web3 | DeFi evolution has left crypto
The success and rapid growth of DeFi has expanded our attack surface or risk. This increasing risk has outpaced the current maturity of Web3 security leaving crypto businesses vulnerable.
While Web3 security focuses on code review, our adversaries leverage public and real-time data characteristics of Web3 to exploit discovered vulnerabilities.
Effective, early, and rapid event detection and response are essential to a Web3 security program
Security in Web3 must move beyond the source code review and post event investigations which are necessary for a robust security and risk management program but not sufficient.
Leveraging the same public and real time data characteristics our adversaries are exploiting, Security programs must implement effective, early, and rapid event detection and response processes.