đ 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:
âąÂ Phishing â 150 incidents, resulting in $497.7 million in losses
âąÂ Code vulnerabilities â 105 incidents, resulting in $80 million in losses
âąÂ Private key compromises â 42 incidents, resulting in $408.9 million in losses
âąÂ Exit scams â 55 incidents, resulting in $79 million in losses
âąÂ Price manipulation â 25 incidents, resulting in $38.5 million in losses
âąÂ Access control issues â 20 incidents, resulting in $86 million in losses
Improved awareness and education on phishing and key management are critical to mitigating these escalating risks. đ
#cyber #Ethereum #Blockchain #BITCOIN