Polygon Chief Security Officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography are not enough.
Speaking to Cointelegraph, Gupta outlined that several of the recent hacks in crypto were ultimately a result of Web2 security vulnerabilities such as private key management and phishing attacks to gain logins, rather than poorly designed blockchain tech.
Adding to his point, Gupta emphasized that getting a certified smart contract security audit without adopting standard Web2 cybersecurity practices is not sufficient to protect a protocol and user's wallets from being exploited:
“I've been pushing at least all of the major companies to get a dedicated security person who actually knows that key management is important.”
“You have API keys that are used for decades and decades. So there are proper best practices and procedures one should be following. To keep these keys secure....
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