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Protect your crypto assets with these essential security tips for Sorted Wallet users ?? Don't miss out on safeguarding your investments – read this article now! ???? https://lnkd.in/gwKccX32 #SortedWallet #CryptoSecurity #EmergingMarkets

CYBERSECURITY IN THE CRYPTO WORLD IN 2024 In 2024, the intersection of cybersecurity and cryptocurrency is marked by significant challenges and advancements. Here are the key insights: 1. Rising Threats: The crypto space continues to face sophisticated cyber threats, including hacks and scams. High-profile incidents, such as the Mixin Network and Euler Finance hacks, highlight the ongoing vulnerabilities1. 2. Enhanced Security Measures: Despite the persistent threats, improved security protocols and increased industry collaboration have led to a reduction in overall losses compared to previous years1. 3. DeFi Vulnerabilities: Decentralized finance (DeFi) platforms, while democratizing financial services, have become prime targets for cybercriminals. Ensuring the security of these platforms is crucial for their continued growth3. 4. Regulatory Scrutiny: Governments are intensifying their regulatory efforts to combat fraud and illicit activities in the crypto market. This increased scrutiny aims to create a safer environment for investors?. 5. User Awareness: As cyber threats evolve, user education and awareness remain vital. Implementing strong security practices, such as using hardware wallets and multi-factor authentication, is essential for protecting digital assets1. In summary, the crypto world in 2024 is navigating a complex landscape of cyber threats and regulatory changes. Staying informed and adopting robust security measures are key to safeguarding digital assets in this dynamic environment.

?? Hacken's 2023 Security Report is here! As we reflect on 2023, it was a year marked by significant security challenges in the crypto world, with total losses reaching a staggering $1.9 billion. Our comprehensive report covers key trends, including access control breaches, flash loan attacks, and the rampant occurrence of rug pulls. Key highlights: ?? Access control issues accounted for 50% of stolen value. ?? Recovery efforts led to the return of $400 million. ?? Rise in diverse attack methods, from technical exploits to social engineering. This report not only analyzes the past year's incidents but also provides crucial insights and recommendations for enhancing security measures in 2024. As the industry evolves, understanding these trends is vital for businesses and individuals alike. Dive into our report to stay informed and prepared for the future of crypto security: https://lnkd.in/dJq3644Y

This report from Hacken, Blockchain Security Auditor is definitely worth a read. We need to keep sharing information and working together to make the cryptocurrency space safer. Plus it refers to C4's CryptoCurrency Security Standard (CCSS) on page 14! ??

?? Security Testing in FinTech: Safeguarding Financial Transactions ???? In the rapidly evolving world of financial technology, ensuring the security of transactions is paramount. With the rise of digital payments, online banking, and blockchain innovations, the potential for cyber threats has never been greater. ?????? Here’s why security testing is crucial in FinTech: ?? Protecting Sensitive Data: Financial transactions involve highly sensitive information. Robust security testing ensures that this data is protected against breaches and leaks. ????????? ??? Preventing Fraud: Security testing helps identify vulnerabilities that could be exploited by fraudsters, safeguarding users from financial losses and maintaining trust. ???♂??????? ?? Compliance and Regulations: With stringent regulations like PCI-DSS and GDPR, thorough security testing ensures compliance and avoids hefty fines. ??????? ?? Continuous Improvement: As cyber threats evolve, continuous security testing helps in adapting and enhancing security measures, keeping up with the latest threats. ????????? At QA Mentor, we specialize in rigorous security testing tailored to the FinTech sector. Let’s fortify your financial systems against emerging threats and ensure your transactions remain secure. ????????? ?? Under the visionary leadership of our MD, Mr. Nitin Tawde https://lnkd.in/dPsaSjSC , and our CEO, Mr. Ruslan Desyatnikov https://lnkd.in/d_-s6TSu, QA Mentor is committed to driving innovation and delivering exceptional results! ?? ?? Contact us today to learn how we can help safeguard your financial transactions! ???????? ?? Visit us at https://www.qamentor.com/ ?? ?? Drop us a line at [email protected] ?? Give us a call at 212-960-3812 #FinTech #SecurityTesting #CyberSecurity #FinancialTransactions #QA #Compliance #FraudPrevention #DataProtection #QAmentor #TechInnovation #DigitalSecurity #FinancialSafety #SecureTransactions #TechTrends #Innovation #TechSolutions #OnlineBanking #Blockchain #DataPrivacy #RegulatoryCompliance #ProtectYourData #SecurePayments #TrustInTech #CyberDefense #FraudDetection #FinancialTech #RiskManagement #SecureFinancialSystems #TechSecurity #QAExcellence #DigitalProtection #SafeBanking #FutureOfFinance #SecurityFirst

Cybersecurity in Investment Banking: Lessons from the WizirX Hack The recent cyberattack on WazirX, one of India's largest cryptocurrency exchanges, serves as a stark reminder of the vulnerabilities in our digital financial systems. As investment banks increasingly rely on digital platforms and data analytics, cybersecurity must be a top priority. The WazirX Hack: A Wake-Up Call WazirX?was hacked earlier this month leading to a loss of $235 million in various crypto assets. Consequently, the company had to freeze transactions due to breach. Following the hack, the company released a bounty program to find the trail behind the lost crypto.?A cybersecurity company Cyfirma has finally identified that a North Korean hacker group was behind the theft. The stolen include?$96.7 million in Shiba Inu, $52.6 million in Ether, $11 million in Matic and?$7.6 million in Pepe. Investment Banking: A Target for Cybercriminals Sophisticated attacks: Investment banks face complex threats from nation-state actors and organized crime. Sensitive client data: Financial information, trade secrets, and personal data are at risk. Regulatory scrutiny: Stringent regulations demand robust cybersecurity measures. Prioritizing Robust Cybersecurity Measures: Implement Multi-Factor Authentication: Enhance login security and prevent unauthorized access. Regular Security Audits and Testing: Identify vulnerabilities and address weaknesses. Employee Education and Awareness: Foster a culture of cybersecurity vigilance. Incident Response Planning: Establish protocols for swift response and containment. Maintaining Client Trust: Transparency: Clearly communicate cybersecurity measures and protocols. Accountability: Establish clear lines of responsibility and incident response. Continuous Improvement: Stay ahead of emerging threats through ongoing investment in cybersecurity. The Bottom Line: The WazirX hack highlights the importance of robust cybersecurity in investment banking. Protecting client trust requires proactive, multi-layered defenses. Let's learn from this incident and prioritize cybersecurity. Share your insights: How can investment banks enhance cybersecurity measures to prevent similar incidents? Let's continue the conversation! #Cybersecurity #InvestmentBanking #WazirXHack #ClientTrust #DataProtection #DigitalSecurity #RiskManagement #Compliance

GM GM! In this educational article my team Illusion Services talks about Security in Crypto and Web3 Go ahead and read to learn a thing or two about keeping your assets safe!

Imagine waking up to find your entire crypto fortune wiped out. A single click, a moment of carelessness, and it's gone. Don't let this be your story. Let's dive in ; 1. Use strong ,Unique Passwords: Always ensure to incorporate strong , mixed letters and symbols when creating passwords for your preferred wallet. 2. Always Disconnect: whenever you do wallet connect and interact with different dapps , be sure to sign out, disconnect your wallet after you've finished up with a particular protocol. 3. Phishing Attacks: always make sure to avoid claiming free NFTs that are randomly air dropped into your wallet, there's a 90% chance it's a wallet drainer. 4. Backup your wallet: Regularly backup your wallet recovery phrases or private keys in a secure location. 5. Diverse Crypto Holdings: Spread your investments across different cryptocurrencies to reduce risk. 6. Stay Updated: Keep your crypto software and apps up-to-date with the latest security patches, there's always security breaches. 7. Monitor Projects Before Investing: Before investing, or applying for your jobs with new projects , be sure to check for things like ; project roadmaps, utilities , collaborations to avoid losses of valuable assets and important data. 8. Limit Personal Information: Avoid sharing personal information on public crypto forums or social media platforms. 9. Offline Wallets:For long-term storage, consider using hardware or paper wallets to keep your crypto offline and secure. 10. Be Mindful of Public Wi-Fi: Avoid accessing sensitive crypto information on public Wi-Fi networks, my advice ? dont ! Protecting your crypto is more than just securing a digital wallet; it's safeguarding your financial future. Arm yourself with knowledge. Stay ahead of the hackers. Follow Illusion Services for the ultimate guide to crypto security.

As the markets continue to heat up, exploits will be a recurring theme. Whether you're an end user or a protocol, ask yourself "How can we continue having a good time in this market climate?" The follow up question would be, am I building / am I using a protocol that is as secure as it could be? If the answer is no, you could be risking your reputation / gains. Nobody wants to have their funds stolen, neither be responsible for it - especially as others continue to see success in the bull market. Looking forward to this new web3 hack segment segment from FailSafe

When talking to crypto insurers, one thing that keeps coming up is the need for smart contract security audits (and making sure that your audit partner is creditable) If you are interested in finding out more about how insurance can work together with crypto security vendors like FailSafe, come join our talk in December https://lnkd.in/ggV5dtik?