Exclusive with Dyma Budorin | The Blockchain Security Expert You Need to Hear From

Hacken’s Role in Crypto Security:

• An extensive multitude of cybersecurity services is delivered by the organization. This work entails performing audits together with vulnerability searches while identifying projects that conceal basic issues.
• Cryptocurrency enterprises attempt to spark attention towards robust security measures.

Key Security Challenges:

• Numerous projects fail to allocate sufficient funds for cybersecurity measures resulting in restricted audit scopes and persistent security issues.
• The absence of standardized definitions for smart contract audits creates significant obstacles to effective security assessment.
• Many believe that regulatory frameworks compel businesses to disclose audit reports and implement necessary security protocols.

Innovative Solutions and Future Directions:

• Introduction of “dual defense,” a model that allocates 10% of project revenue to a reward pool for ethical hackers, incentivizing proactive security testing.
• Persistent research and development efforts focus on creating Web3 firewalls while enhancing operational security measures to counter advanced cyber threats.
• The crypto ecosystem demands intricate community engagement alongside thorough third-party assessments to build foundational trust and resilience.