Vulnerabilities showed a varied overview in the report About Web3<\/span><\/span><\/h2>\nAccess control issues accounted for <\/span><\/span>39.18% of attacks on Web3,<\/span><\/span><\/strong> resulting in a loss of <\/span><\/span>$666 million.<\/span><\/span><\/strong><\/p>\nThe importance of implementing strong authentication, <\/span><\/span><\/strong> limiting permissions, and providing security training for key employees<\/span><\/strong> was highlighted.<\/span><\/span><\/p>\nAdditionally, flash loan attacks <\/span><\/span>contributed 16.12%,<\/span><\/span><\/strong> causing losses of <\/span><\/span>$274 million,<\/span><\/span><\/strong> leading to the suggestion of introducing <\/span><\/span>restrictions and fees as deterrents.<\/span><\/span><\/strong><\/p>\nThe top 10 attacks of the year<\/span><\/span><\/strong>, which accounted for nearly <\/span><\/span>70% of total losses,<\/span><\/span><\/strong> highlighted a common vulnerability: <\/span><\/span>access control issues,<\/span><\/span><\/strong> particularly private key thefts.<\/span><\/span><\/p>\nAmong the notable attacks, <\/span><\/span>Mixin Network<\/span><\/span><\/strong> suffered a cloud security breach<\/span><\/span>, Euler Finance<\/span><\/span><\/strong> experienced a vulnerability in its DeFi protocol, and <\/span><\/span>Poloniex<\/span><\/span><\/strong> was the victim of a hack led by the Lazarus group.<\/span><\/span><\/p>\n
<\/p>\n
Despite the reduction in total losses, the <\/span><\/span>need for more robust measures was highlighted.<\/span><\/span><\/strong><\/p>\nThe importance of <\/span><\/span>rigorous audits and penetration testing<\/span><\/span><\/strong> was emphasized, and users were urged to <\/span><\/span>prioritize security when choosing platforms and services in the Web3 space<\/span><\/span><\/strong> to ensure a more secure and resilient future.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The year 2023 marked a pivotal point in the Web3 security landscape, reflecting notable advances in resilience, but also persistent challenges.<\/p>\n","protected":false},"author":33,"featured_media":159607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74],"tags":[4660,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/159606"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=159606"}],"version-history":[{"count":4,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/159606\/revisions"}],"predecessor-version":[{"id":159612,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/159606\/revisions\/159612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/159607"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=159606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=159606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=159606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}