The FTC has reached a proposed settlement requiring Nomad to return $37.5M in recovered funds and adopt a structured information security program following its 2022 smart contract exploit.

The complaint points to inadequate testing, ignored audit findings, and weak vulnerability intake processes. From an InfoSec perspective, this case reinforces the importance of secure change management and executive alignment on risk.

How can security teams better escalate and enforce risk concerns before deployment?

Source: https://therecord.media/ftc-settlement-nomad-platform-return-customers-cryptocurrency

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#InfoSec #SecureSDLC #SmartContractSecurity #RiskGovernance #FTC #CyberDefense #TechNadu

A hacker just drained $223M from the Cetus Protocol by exploiting smart contract flaws and flash loans. Is DeFi security really keeping up with these sophisticated attacks? Read on to find out why this breach has everyone reassessing risk.

https://thedefendopsdiaries.com/cetus-protocol-heist-a-wake-up-call-for-defi-security/

#defi
#cetusprotocol
#cryptocurrencyheist
#smartcontractsecurity
#blockchainsecurity

Referenced link: https://hackernoon.com/secure-smart-contract-toolsan-end-to-end-developers-guide
Discuss on https://discu.eu/q/https://hackernoon.com/secure-smart-contract-toolsan-end-to-end-developers-guide

Originally posted by HackerNoon | Learn Any Technology / @[email protected]: https://twitter.com/hackernoon/status/1601003753167114242#m

Writing secure smart contracts is hard. In this article I'll look at 22 security tools from across web3 available at each stage of smart contract development. - https://hackernoon.com/secure-smart-contract-toolsan-end-to-end-developers-guide #smartcontracts #smartcontractsecurity