Understanding Cybersecurity Management in DeFi (UCM-DeFi) – Blockchain Security (Article 4)
In today’s digital landscape, blockchain technology has emerged as a powerful force, revolutionizing sectors like healthcare, finance, government, and commerce with its unparalleled security features. However, as with any technological advancement, it has not been immune to the cunning tactics of cybercriminals. The very features that make blockchain robust can also attract malicious actors who seek to exploit its vulnerabilities.
Understanding Cybersecurity Management in DeFi (UCM-DeFi), a five-article series, aims to discuss decentralized finance and explore a range of cybersecurity issues that impact DeFi and blockchain-based financial solutions. The articles in this series are based on the recent book titled Understanding Cybersecurity Management for DeFi, published by Springer this year. This fourth article aims to illuminate the various blockchain attacks and the respective countermeasures implemented to avoid or mitigate such attacks. Even though a foolproof cybersecurity solution is currently unattainable, the countermeasures discussed herein strive to reduce the impact of attacks on blockchain technology.