CryptoGamble.tips»Cyvers Reveals Surge in Multi-Million-Dollar Breaches Targeting Crypto Gambling Websites

Cyvers Reveals Surge in Multi-Million-Dollar Breaches Targeting Crypto Gambling Websites

Ekaterina Abramova Photo in GTA Style
Published on:
February 23, 2024
Last updated:
February 23, 2024
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Cybersecurity experts at Cyvers have unveiled a startling trend in the world of crypto gambling: a surge in multi-million-dollar breaches targeting platforms such as Duelbits and PlayDapp. These breaches, according to Cyvers, are not primarily exploiting smart contracts but rather capitalising on vulnerabilities in employee security protocols and network access controls.
Meir Dolev, CTO and co-founder of Cyvers, explained that hackers are employing sophisticated social engineering tactics, often leveraging platforms like LinkedIn and email to infiltrate networks. Once inside, they meticulously plan their attacks, syphoning funds from wallets over months.

Cyvers' Proactive Measures

Deddy Lavid, the firm’s CEO and co-founder, emphasised the company's proactive approach to breaches. Upon detection, Cyvers swiftly notifies platform operators and initiates a comprehensive investigation to understand the breach's scope and origin. Despite recent breaches, Lavid highlighted a silver lining: fewer funds were stolen in 2023 compared to the previous year. However, unauthorised access incidents saw a concerning uptick. To mitigate risks, Lavid and Dolev offered practical advice to users. They urged caution against phishing scams, emphasised the importance of two-factor authentication, and recommended regularly updating passwords. Additionally, they advocated for the use of cold wallets to store cryptocurrencies when not actively engaged in gambling, as these wallets are offline and less susceptible to online theft. As the crypto gambling landscape evolves, Cyvers underscores the necessity for robust security measures to safeguard assets and personal information in an increasingly vulnerable digital environment.
Ekaterina Abramova Photo in GTA Style
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Ekaterina Abramova, with her profound attention to detail and a personal love for mythological and Egyptian-themed slots, has swiftly made her mark at CryptoGamble. Her passion for slots like "Book of Dead" reflects in her meticulous writing, captivating crypto gamblers with her insightful and relatable articles. Just one year into her journey, Ekaterina's dedication to enriching the gambler's experience shines through, inviting readers to join her in exploring crypto gambling with a fresh, informed perspective.
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