Understanding Cybersecurity Management in Decentralized Finance

£49.99

Understanding Cybersecurity Management in Decentralized Finance

Challenges, Strategies, and Trends

Finance and the finance industry Business innovation Business mathematics and systems Business applications Computer security Network security

Authors: Gurdip Kaur, Arash Habibi Lashkari, Iman Sharafaldin, Ziba Habibi Lashkari

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Collection: Financial Innovation and Technology

Language: English

Published by: Springer

Published on: 9th January 2023

Format: LCP-protected ePub

ISBN: 9783031233401


Introduction to Cybersecurity in DeFi

This book discusses understand cybersecurity management in decentralized finance (DeFi). It commences with introducing fundamentals of DeFi and cybersecurity to readers. It emphasizes on the importance of cybersecurity for decentralized finance by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in DeFi. The book helps readers understand cyber threat landscape comprising different threat categories for that can exploit different types of vulnerabilities identified in DeFi. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software.

DeFi Technologies and Vulnerabilities

The book includes the popular blockchains that support DeFi include Ethereum, Binance Smart Chain, Solana, Cardano, Avalanche, Polygon, among others. With so much monetary value associated with all these technologies, theperpetrators are always lured to breach security by exploiting the vulnerabilities that exist in these technologies. For simplicity and clarity, all vulnerabilities are classified into different categories: arithmetic bugs, re-Entrancy attack, race conditions, exception handling, using a weak random generator, timestamp dependency, transaction-ordering dependence and front running, vulnerable libraries, wrong initial assumptions, denial of service, flash loan attacks, and vampire

Securing DeFi Infrastructures

Since decentralized finance infrastructures are the worst affected by cyber-attacks, it is imperative to understand various security issues in different components of DeFi infrastructures and proposes measures to secure all components of DeFi infrastructures. It brings the detailed cybersecurity policies and strategies that can be used to secure financial institutions. Finally, the book provides recommendations to secure DeFi infrastructures from cyber-attacks.

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