Why Our Industry Demands Blockchain Security Consulting
The Industry's Call for Immediate Blockchain Security Consulting Services
by Kyeson Utley // @dev_spooky
In today's digital age, where large sums of money are transacted on blockchain projects within a single day, the critical importance of robust security measures cannot be overstated. Despite this, the blockchain industry is facing a significant lack of adequate security practices, leaving companies vulnerable to costly cyber attacks.
In traditional sectors such as banking, oil & gas, and corporates, penetration tests are a standard practice. These tests involve hiring external experts to assess and identify vulnerabilities in the digital infrastructure of a company before malicious actors can exploit them. The cost of a thorough pen-test can range from $150,000 to $225,000 per year, with some companies paying even more to safeguard their assets. When compared to the potential losses of a successful cyber attack, the investment in penetration testing becomes a small price to pay for protecting critical assets.
Having originally come from the world of pen-testing, I have witnessed firsthand the creativity and persistence of bad actors when targeting companies. In blockchain, where millions of dollars are at stake, the repercussions of a security breach can be catastrophic, both financially and reputationally. I have received numerous calls from major crypto projects and ecosystems reporting devastating attacks that have cost them millions in losses.
It is crucial for companies operating in the blockchain space to recognize that security vulnerabilities are not a matter of 'if' but 'when'. Proactive measures, such as engaging in blockchain security consulting services, can help mitigate risks and safeguard against potential threats. By prioritizing security practices and investing in comprehensive security assessments, companies can protect their assets, strengthen their resilience against cyber threats, and preserve their reputation in the long run.
As the blockchain industry continues to evolve and grow, the need for enhanced security measures becomes increasingly critical. It is time for organizations to acknowledge the significance of blockchain security consulting and take proactive steps to fortify their defenses against cyber attacks. The cost of neglecting security could far outweigh the investment required to secure your digital assets.)
SpookyGood has pioneered HackBlock, the foremost solution currently available on the market (to the best of our knowledge). With our unparalleled expertise in the fields of Intelligence, Due Diligence, Cyber Security, Ethical Hacking, and blockchain, we stand as the most qualified team to introduce this groundbreaking service.
Kyeson Utley is the CTO of Justice Solutions Group and founder of SpookyGood
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