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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.

DAOs can be seen as the next step in achieving this vision, eliminating the use of intermediaries in corporate governance. Functioning via an interconnected network of smart contracts, these Decentralized Autonomous Organizations are essentially communities that are fully managed and owned by their members.

A major pillar of blockchain technology is transparency. This means that any system built on blockchain is by definition public- a fact that introduces an entirely new set of vulnerabilities and threats. As a result, cleverly orchestrated hacks on blockchain solutions are not an uncommon feat. Even the biggest names in the field continue to suffer from attacks, resulting in losses equating to millions of dollars. 

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.