A conversation with David Schwed, the COO of Halborn on prevailing security concerns in and the future of Web3 security. - by dan_jgs blockchain cybersecurity
Recently, we had the opportunity to catch up with David Schwed, the COO of Halborn, a blockchain cybersecurity firm.is a group of ethical hackers and blockchain specialists with a vision of ensuring top-notch security and safety.
Lastly, dApp founders and teams think of Web3 security as an end-stage plug-in for their products. They rely on trust first and then tooling and solutions. However, recent hacks and thefts have shown why the element of trust needs to be eliminated and security needs to be a priority.All-in-all, Web3 security is undercooked and needs to be ramped up exponentially to meet today’s sophisticated attacks.
Lately, blockchain-based cyber-security has started to find its ground. With foolproof authentication and no-trust models, the blend of blockchain into security solutions has started and is ought to grow further. First of all, I’d say that cultural integration between the security builders of Web2 and those of Web3 is the top priority. The ethos and the values are very different between these two sects.
There is room for establishing synergy between both security solutions. However, to ensure maximum security, natively developed solutions are needed. Web3 native knowledge and expertise is a different ball game and is a must while bootstrapping security for the dynamic space. Bug bounties are a great way to keep good players engaged in continuously improving security systems in Web3. Not only does this incentivize safeguard activities, but it also establishes a culture of security and development in the team. And as this spreads, more security best practices become accessible to all and can be equipped at zero opportunity cost.
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