NFT Scams: How They’re Hurting The Market
Read to be aware, learn new things, and know how to secure yourself from NFT scams.
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Let’s start with the simple question. Is your blockchain project fully protected from potential cyber threats? Before you answer, we want to inform you that a new cyber-attack takes place approximately every 40 seconds. With that in mind are you still confident in the level of security your company has?
Of course, blockchain technology has allowed numerous companies to take their businesses to the next level in terms of financial and strategic development. Therefore, it is not surprising that the number of blockchain projects is continuing to grow rapidly. However, at the same time, an increasing number of cybercriminals are also emerging. They are constantly looking for new ways of bypassing a companies’ security, enabling them to steal important data, finances or trading information. The majority of malicious users target blockchain projects, especially ICOs, which is why it is so crucial to ensure you have the highest level of smart contract security by performing a timely smart contract audit. Still not convinced? It’s easy to believe that it won’t happen to your company but even a small mistake can cost millions.
We picked the 5 main reasons to perform a smart contract audit in order to highlight the importance of this process and show you how a company can actually benefit from performing one:
As Ginni Rometty, IBM’s chairman, president and CEO said: “Cybercrime is the greatest threat to every company in the world.” Since cybercrime is common reality nowadays, the task of every company is to provide the utmost cybersecurity to their customers by taking the proper measures. By performing a smart contract audit, a company will prevent possible breaches and potentially save a fortune in the long run. Blockchain technology has provided numerous opportunities for organizations due to its many obvious advantages. However, the risk of exposing private data and risking a significant amount of your finances due to cyber-attacks requires additional efforts and innovative approaches to be put in place.
Employing a trustworthy smart contract audit company to work with you can potentially save you millions of dollars as well as your reputation. Mind that smart contract audit should be performed following 5 crucial requirements.
Investing in proper cybersecurity in advance is a strategic move for a company’s development and growth. Leaving your company open with a number of vulnerabilities is like having a time bomb which can potentially explode any day. With large finances at stake, even the slightest possibility of a cyber-attack cannot be ignored.
At Hacken, we take security extremely seriously, and all the checks are performed according to the highest standards. If you have any questions about the topic or need a consultation, feel free to contact our Team!
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