I recently read a guide as to how to make sure companies offering an initial coin offering (ICO). If you are considering an ICO (or participating in a new ICO), it’s critical to take security into consideration. Blockchain technology and decentralization keeps things relatively safe but specific points are vulnerable.
A few key things to watch out for:
- Currency exchanges are vulnerable to DDoS and attack takeover attacks. For example, Bitfinex was recently DDoSed
m/2017/12/04/cyberattack-temporarily-hits-bitcoin-exchange-bitfinex.html]https://www.c[Suspicious link removed]m/2017/12/04/cyberattack-temporarily-hits-bitcoin-exchange-bitfinex.html.
- Malicious bots, SQL injection, phishing and other OWASP top ten threats. Web Application Firewalls can help.
- Account takeover attempts, including from large-scale credential stuffing attacks.
Here’s the guide (note: from a security vendor):
https://www.incapsula.com/blog/securing-your-cryptocurrency-ico.html
