5 tips for tackling Web 3.0 hackers

From Web 1.0 to Web 2.0, to the newly ushered in another iteration, Web 3.0, the Internet continues to evolve.

Unfortunately, the initial stage of Web 3.0 has already faced security challenges from hackers.

More and more tricky Web 3.0 hackers

While the decentralized applications (dapps) that are accessible today are already Web 3 to some extent, humans haven’t really entered the Web 3 version of the Internet. There is still a lot of work to be done before Web 3 is fully functional.

Security is arguably the biggest challenge, as highlighted by various media reports on Web 3 hacking.

Web 3 will only succeed if the current security challenges are addressed and it is nearly impossible for hackers to steal users’ funds.

Just in late March, a hot wallet of Arthur Cheong, founder of crypto investment fund DeFiance Capital, was hacked, resulting in the theft of more than 70 blue-chip NFTs and a loss of more than $1.7 million.

According to Cheong, who goes by the screen name Arthur0x, “it was a targeted social engineering attack,” he said, “received a spear-phishing email that really appeared to be from a company we invested in. The content sent by the company is industry-relevant.”

Crypto researcher and fund partner Adam Cochran believes that Cheong’s computer may have been infected with a virus after opening the email. He further pointed out that file extensions such as PDF, .docxs, .xlsx and .jpeg are the most common risks and may not even be detected by antivirus scans.

Overall, these unfortunate stories are likely to become more common as hackers become more sophisticated.

How to stay safe in a Web 3 world

In the emerging Web 3 world, try these 5 tips to protect yourself.

1. Do not connect your wallet to any dapp

Web 3 is still in its infancy, and there’s still a lot to figure out. If you’re using Web 3, the first security measure to take is: don’t connect your main wallet to any DApps.

If you come across a situation where you have to connect your wallet to a dapp, make sure it’s the proper dapp so you don’t lose your funds.

2. Don’t click on share links on social platforms

Although you are using social software such as WeChat and Discord to communicate and chat with people who seem to like-minded, you often do not fully understand the true intentions of these people on the social platform. Just like the advice against clicking random links shared on the internet, don’t click on shared links on these platforms unless you can verify their origin.

If you insist on using these links, be careful when clicking on the link to open the dapp, as the link can easily be redirected. The specific link you want to make sure you visit is the one that a specific dapp shares on its social pages.

3. Avoid sharing too much personal information on the Internet

Sharing too much personal information online can make you more vulnerable to social engineering attacks. Never share personal information online unless you know exactly why it is being shared and what the subsequent use is.

Also, do not share sensitive information such as transaction data linked to your main wallet.

4. Verify that the people you are communicating with online are who they claim to be

Unfortunately, it’s not easy to control who can contact you online. People can hide their real motives for wanting to connect with you, but those motives don’t have to be innocent. That said, if someone contacts you online, you need to verify that the person they claim is real.

It is easy for scammers to open accounts impersonating others and then use those accounts to deceive innocent users.

One way to verify that the person you are talking to is who they claim to be, especially if working with an anonymous team, is to reach the actual person through other channels. This way, you’ll know if you’re communicating with the real person they claim to be or with a fake.

5. Different websites use different passwords

Using the same login password on different social networking sites is never a good practice. Consider using a password manager, and a good password manager will not only create strong passwords, but unique passwords. That way, even if one of your accounts ends up being hacked, the other accounts are safe.

Web 3 is still in its infancy, but from the current development, the new generation of Internet is likely to occupy the mainstream in the next decade. Therefore, when ordinary users are familiar with and experience Web 3, they must keep safety and security as the first priority.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/5-tips-for-tackling-web-3-0-hackers/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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