May 5, 2023, 8:51 p.m. | Maria Lobanova

Hacker Noon - cybersecurity hackernoon.com

DeFi attacks accounted for nearly $2 billion USD in 2022 alone. Most hacks take place through the social engineering of private keys. Users error and a failure to perform due diligence allows hackers unauthorized access. Blockchains can also be vulnerable because of improper transaction nonce validation or improper blockchain magic validation.

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access attacks blockchain blockchains cyber-attack cybersecurity defi detect due diligence engineering error hackers hacking hacks keys magic nonce private private keys social social engineering social engineering attacks transaction unauthorized access validation vulnerabilities vulnerable

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