Polygon CSO Urges Web3 Companies to Strengthen Security Measures
Web3 Security Challenges Highlighted by Polygon CSO
Mudit Gupta, Chief Security Officer at Polygon, has called on Web3 companies to adopt traditional security practices to combat preventable hacks. He emphasized that while blockchain technology is robust, many recent breaches stem from familiar Web2 vulnerabilities rather than flaws in blockchain design.
Common Vulnerabilities Exploited in Recent Hacks
Gupta pointed to issues such as poor private key management and phishing attacks as primary vectors for hacks. These weaknesses, common in Web2 environments, are often exploited to gain unauthorized access to systems and funds.
The Need for Experienced Security Experts
To address these challenges, Gupta advocates for hiring security professionals with expertise in traditional Web2 security practices. He argues that combining strong cryptographic protocols with proven security measures is essential for safeguarding Web3 platforms.
The Impact on the Web3 Industry
By addressing these vulnerabilities, Web3 companies can significantly reduce the risk of hacks and build greater trust with users. This approach is crucial for the long-term growth and adoption of decentralized technologies.
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