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Definition of NFT Non-fungible tokens (NFT) are virtual assets trackable on blockchain and each virtual asset has a unique nature. The value of NFTs is determined by their attributes, special traits, minting number, and market demand. The key characteristics of a non-fungible token are: * Linkage to physical or virtual assets.
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Cyberattacks as the main threat affecting businesses Criminal attacks on companies are an indispensable element of modern business. However, in the era of massive digitization of business processes, cyberattacks have become one of the most popular instruments in the hands of malicious actors striving to gain access to corporate assets,
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Distributed denial of service (DDoS) attacks have been heavily affecting businesses for the last 20 years. They have become one of the most powerful instruments in the hands of malicious actors striving to bring down targeted resources by overloading them with too much traffic. The malicious or unusual traffic may
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Despite the significant growth of Bitcoin and other cryptocurrencies prices in 2020, the amount of stolen crypto as a result of hacks is actually less than in 2019. According to the Ciphertrace report, the total amount of stolen funds equals ~468 mln USD. Most of the attacks in 2020 were
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Decentralized finance (DeFi) was created back in 2015, when the pioneer application, MakerDAO, allowed any crypto holders to take out loans in the DAI stablecoin. Years of steady growth followed and a palpable buzz around DeFi started to emerge in the crypto community, leading to the breakout year that was
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What is WAF? Web application firewall (WAF) is a set of monitors and filters designed to detect and block network attacks on a web application. WAFs refer to the application layer of the OSI model. The web application firewall is used as a security tool. In real time, it decides
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Cybersecurity of cryptocurrency exchanges is paramount in today’s increasingly digital world. These platforms are responsible for large amounts of tokens often worth tens of millions of dollars, belonging to thousands of unique users. Cryptocurrency exchanges are also susceptible to multiple major threats - they risk attack from traditional banking
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Crypto exchanges are lucrative targets for hackers. Find about vulnerabilities, threats, and ways exchanges protect your assets.
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Request Consutation Security is an essential part of any business. There are multiple ways a system can become compromised which is why one needs to ensure high quality modern technologies are applied, such as SSL certificates, firewalls, physical machinery protection, and many others. To keep your company safe from potential
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Penetration testing will allow you to avoid cybersecurity-related incidents that can damage the reputation of your company and cause a loss of significant funds. A successful implementation of exploiting the vulnerabilities will allow demonstrating possible ways of penetration into the informational systems as well as detecting critical security issues. It
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What is a smart contract audit and why is it necessary to perform? In general, an audit is performed to highlight any potential problems with a contract. There are, however, other areas where auditing can be used to test systems, networks, and applications in addition to checking smart contracts for
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Cybersecurity assessment services are a type of service in which a specific system is checked for any security flaws. Professional cybersecurity services are not an option exclusive to large-scale corporations. If you: * a) interact directly with your customers * b) develop something unique * c) have computers in an office connected to