Smart Contract Resilience with Fortify by OpenTextTM
Cyber Resilience has become a crucial aspect of web 3.0, described as the next generation of the internet that aims to create a more open, decentralized and user-centric web. Decentralized applications (DApps) are one of the key features of web 3.0, as they run on peer-to-peer networks without intermediaries or central authorities. DApps face various cyber security challenges, such as smart contract vulnerabilities, data privacy issues, network attacks and malicious actors.
Some of the known breaches that have affected DApps include the DAO hack in 2016, which resulted in the loss of $50 million worth of Ether; the Parity wallet hack in 2017, which froze $280 million worth of Ether; and various DeFi hacks in 2022 and 2023, which collectively stole exorbitant amounts worth of cryptocurrencies from various platforms. These incidents highlight the need for more robust and secure DApps that can protect users’ funds and data.
One of the ways to improve the cyber security of DApps is to use application security testing tools, which can help developers identify and fix vulnerabilities in their code, such as logic flaws, buffer overflows, injection attacks and cross-site scripting. Application security testing tools can also help users verify the authenticity and integrity of DApps, such as by checking their source code, smart contract audits and reputation scores. By using these tools, DApps can enhance their security posture and reduce the risk of cyber security breaches.
Join us at Crypto Community Switzerland in Zurich on the 16th November 2023 at 7 PM where you can find out how OpenText Fortify can help you making your DApps more resilient. Frans van Buul – Fortify Product Manager will present us the value proposition of Fortify, followed by a Live product demonstration and Apero. Please register here to secure your seat and further information.
Registration: here or on Meetup
Speaker: Frans van Buul, Senior Product Manager – Fortify SAST at OpenText
