According to Cyvers’ report summarizing the key security trends for 2024, Web3 network threats have surged dramatically in 2024, with losses exceeding $2.3 billion and a total of 165 security incidents. Although the loss amount is 40% higher than in 2023 ($1.69 billion), it is still $1.42 billion lower than in 2022 ($3.78 billion). Notably, $1.3 billion of stolen funds were recovered this year. Cyvers states that access control-related incidents (67) accounted for 81% of the $2.3 billion in losses, with approximately 98 smart contract vulnerabilities resulting in total losses of $456.3 million, and a single address poisoning incident causing losses exceeding $68 million. When breaking down losses by attack vector over the past three years, the data shows that losses related to access control violations gradually increased from $769 million in 2022 to $1.9 billion by the end of 2024. In contrast, losses related to code exploitation in 2023 and 2024 were far lower than the approximately $3 billion in losses in 2022. (Bitcoin.com)