BREAKING đš
Crypto audits are giving investors a false sense of security as Q3 hacks total $1.18âŻbillion, according to security firm Hacken today. đ
Hacken's analysis shows 77% of the quarterâs losses stem from compromised suppliers, delayed patches, or systems outside recent security reviews. This suggests audit reports often miss critical thirdâparty risk. Attackers are exploiting supplyâchain weaknesses while investors remain complacent. The findings call into question the effectiveness of current audit standards and could pressure firms to broaden their scope. Regulators may soon demand tighter oversight of audit practices.
Global investors should reassess reliance on audit certificates and demand broader security verification. đ
$AVA, $STG, $Q
Crypto audits are giving investors a false sense of security as Q3 hacks total $1.18âŻbillion, according to security firm Hacken today. đ
Hacken's analysis shows 77% of the quarterâs losses stem from compromised suppliers, delayed patches, or systems outside recent security reviews. This suggests audit reports often miss critical thirdâparty risk. Attackers are exploiting supplyâchain weaknesses while investors remain complacent. The findings call into question the effectiveness of current audit standards and could pressure firms to broaden their scope. Regulators may soon demand tighter oversight of audit practices.
Global investors should reassess reliance on audit certificates and demand broader security verification. đ
$AVA, $STG, $Q