WEB3 SECURITY
As the digital world expands, new threats arise, especially with the introduction of Web3. Understanding and protecting against these threats is crucial. This article highlights top Web3 security threats and protection methods. By following best practices, using reputable tools and solutions, and staying informed about threats, you can minimize risk and enjoy the benefits of Web3.
Blockchain Vulnerabilities and Attacks
- 51% attacks
- Double-spending attacks
- Smart contract bugs
- Social engineering attacks
- Protection: Use reputable blockchain networks, hardware wallets, cold storage, and audit smart contracts
- Smart Contract Security Risks
- Reentrancy attacks
- Integer overflow/underflow
- Denial-of-service attacks
Avoiding Web3 Security Threats:
- Use encryption, two-factor authentication, multi-signature wallets, hardware wallets
- Use strong, unique passwords and be cautious sharing sensitive information
- Use reputable Web3 browsers and extensions that block malicious websites and scripts, and VPN that hides your IP
- Regularly update software and firmware
- Verify sender’s email address, check URLs, use password managers, two-factor authentication, hardware wallets, and report suspicious activity
Top Web3 Security Threats:
- Unauthorized use of computing resources for mining cryptocurrency (cryptojacking)
- Phishing Scams
- Fraudulent attempts to obtain sensitive information
- Spear phishing
- Whaling
- Vishing
- Smishing
