A Comprehensive Security Strategy
Despite the rise in hacks and phishing attacks in decentralized finance and Web3 platforms, there are still billions of dollars worth of digital assets that are safely managed by hundreds of protocols, according to Christian Seifert, a former Microsoft Security Lead. While cybercriminals have managed to steal millions of dollars worth of assets, this is only a fraction of the total secured assets. Seifert believes that protocols need to have a comprehensive security strategy and a platform that allows users to assess the robustness of their security systems.
Educating Users Key to Defeating Scammers
There has been a surge in hacks, phishing attacks, and giveaway scams since the start of 2023. Even high-profile individuals like Vitalik Buterin and Mark Cuban have fallen victim to these attacks. However, Seifert believes that users should not be deterred by these incidents. There are numerous products and services available to help users secure their assets and avoid becoming victims. However, users need to be educated on how to better protect their assets.
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