The tech industry has had its eyes fixed on artificial intelligence, and cybersecurity professionals are lining up to find vulnerabilities and patch security holes in AI platforms like OpenAI’s ChatGPT. But blockchain cybersecurity firm Halborn has kept its eyes on the ball, continuing to look for ways to support and secure Web3 projects.

“I think as the ecosystem starts to mature, we’ll start to see a slowdown of some of the dumb mistakes that a lot of projects are making, a lot of organizations are making,” Halborn COO David Schwed told Decrypt at Messari Mainnet. “This is a controversial statement, but many hacks are preventable.”

Schwed pointed to a report by the blockchain security firm that said over $5 billion had been lost in DeFi hacks between 2016 and 2022.

“A number of the hacks were not necessarily on-chain vulnerabilities,” Schwed said. “They were standard Web2 security that was just compromised or breached due to poor security practices.”

While Schwed pointed to a lack of cyb

Go to Source to See Full Article
Author: Jason Nelson

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details