š Crypto Cyberhack Losses Halved in 2023: Industry Adapts to Strengthen Security Measures
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#security
#cyber security
Discover the silver lining in the crypto world as a new report by De.FI reveals a notable 50% decrease in cryptocurrency losses to cybercriminals in 2023. Amid ongoing challenges and persistent vulnerabilities, the industry's concerted efforts to enhance security protocols showcase promising strides against cyber threats.
In a positive turn for the crypto industry, a recent report by De.FI indicates a significant reduction in cryptocurrency losses to cybercriminals in 2023, totaling approximately $2 billion, compared to the previous year's record of $3.8 billion. The number of hacks remains stable, but the industry's collective efforts to address vulnerabilities have led to a noteworthy decline in the value of losses. Infrastructure attacks, averaging $30 million per breach, dominate the cyberthreat landscape, with cross-chain tactics becoming increasingly favored by hackers. Despite challenges, the crypto space demonstrates resilience and progress in bolstering security measures.
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