Data breaches and consumer privacy are one of the most alarming security issues in IT space. About 45% of the world’s population uses social media which makes approximately 3.48 billion people to be interacting with any kind of social media network. These tremendous amounts of connections can lead to various kinds of vulnerabilities if the data is gone into the wrong hands creating pretty damaging consequences.
The security team at BlockApex decided to test these applications for vulnerabilities that could compromise their data. We knew that the software industry in Pakistan always keeps security out of their toolkit to reduce the cost of development.
Blockchain Trilemma - coined by Vitalik Buterin himself, is a condition in which the blockchain undergoes a compromising stage. It is truly believed that a fully decentralized network can never be scalable and secured at the same time.
Social Engineering is an art, where an attacker manipulates people to extract confidential information. That information could be used in various ways by criminals. Individuals are targeted to install malicious software that could give cybercriminals access to their operating systems,
The purple team exercises allow for regular testing of controls to ensure they still function as expected. Combining red and blue functions also means that the blue team does not have to learn the red-team skills, or take the time to recreate attack behaviors themselves.
Consensus algorithms are undoubtedly a major building block of blockchain technology. By definition, no single party can control the operation of a blockchain network, so consensus algorithms are relied on to achieve a common agreement.
An off-chain transaction deals with values outside the blockchain and can be completed using a lot of methods. To carry out any kind of transaction, both functioning entities should first be in agreement, after that a third-party comes into the picture to validate it.
It is crucial to come up with innovative solutions against cyberattacks, especially when your workforce is remotely working. Since we know that remote work comes with a bunch of security risks, it is essential to cater to them.
omposable smart contracts bring about certain problems in particular during the auditing phase. One of these is the hindering of end-to-end (E2E) testing. Often it is the case that for calling even just one function of a composable smart contract, multiple other contracts are required to be deployed.
Creating an internet owned by no one yet contributed to by everyone is bound to have problems related to security- something many believe that the builders of Web3 may not be equipped with.
