Web3 is a live experiment that is happening now. Around us. To us. By us. How will it affect privacy and security? Let's find out.

In this conversation with Black Hat speaker, Nathan Hamiel, we explore the definition and promise of Web3 and its impact — positive and negative — on society.

About the Session "From Hackathon to Hacked: Web3's Security Journey": If there's one prediction you can make with certainty, it's that security in the Web3/blockchain space will get a whole lot worse before it gets better. We have the perfect cocktail of inexperience mixed with emerging technology playing out in full public view with large sums at stake and the permanence of immutable transactions. The result is predictable. An environment free from constraints can seem like an innovation paradise, but when the stakes are so high, you have to get everything right the first time because there may not be a next time. We tend to forget that what we see from this space are experiments playing out in production, and the time between exploitation and losing millions of dollars worth of value can be measured in seconds. So, how did we get here? Is it all doom and gloom? What can be done?

This talk is a grounded look at the factors contributing to the security failures we've witnessed, free from the hype and hatred associated with the space. We look at the similarities and differences between the development of this new technology and more traditional applications and how some of the attacks manifested. Better testing and tools aren't enough to solve the problem. We discuss actionable steps projects and chains can use today to address these issues and make the ecosystem safer for projects and users.

Be sure to catch all of our conversations from Black Hat and DEF CON 2022 at https://www.itspm.ag/bhdc22

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Guest Nathan Hamiel Senior Director of Research at Kudelski Security [@KudelskiSec] On LinkedIn | https://www.linkedin.com/in/nathanhamiel/ On Twitter | https://twitter.com/nathanhamiel ____________________________

This Episode’s Sponsors

CrowdSec | https://itspm.ag/crowdsec-b1vp Edgescan | https://itspm.ag/itspegweb Pentera | https://itspm.ag/pentera-tyuw

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Resources

Session | From Hackathon to Hacked: Web3's Security Journey: https://www.blackhat.com/us-22/briefings/schedule/index.html#from-hackathon-to-hacked-webs-security-journey-26692

Kudelski Security Research Blog: https://research.kudelskisecurity.com/

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