Web3 Hackers Are Getting Smarter: Here’s How to Stay Safe

Web3 Hackers are getting cleverer: Here’s an inkling of how to stay safe

Web3 Hacks are getting more sophisticated

While the decentralized applications (dApps) we can access now are already somewhat web 3, we are not really in the web 3 version of the internet yet. There is still a lot of work to be done before Web3 will be fully functional.

Security is arguably the largest challenge as regular media reports of the Web3 hack highlight. Web3 can only succeed if current security challenges are worked out, making it nearly unthinkable for hackers to steal user funds.

How to keep safe in the emerging world of Web 3:5?

Let’s take a look at some of the methods you can use to protect yourself while diving into the emerging world of Web3 applications.

1. Do not connect your wallet to any app

Web 3 is still in its beginning and a lot still needs to be analyzed. If you are using Web3, the first security regulation you should take is to not connect your primary wallet to any decentralized application.

If you want to connect your wallet to the dapp, make sure it is the exact dapp to avoid losing your funds.

2. Don’t connect on links shared on Telegram or Discord

While you can use Telegram and Discord to speak with and connect with like-minded individuals, you still don’t know what the true intentions of the people on those networks are. And just as you have been advised not to click on random links shared on the Internet unless you can assess their source, the same rule applies to links shared on both Discord and Telegram.

Always be careful while clicking on the link to open the app like the link can easily be redirected. Make sure that the particular link you are accessing is the same that is shared by the particular app on their social pages.

3. Resist sharing too much personal information online

Sharing too much data online can leave you susceptible to social engineering attacks. Never share personal information unless you know precisely why it is needed and how it will be used.

Additionally, do not share diplomatic information such as transaction data associated with your primary wallet.

4. Analyze that the people you are speaking to online are who they claim to be

Unfortunately, it is not simple to control who can reach you online. People may hide their true intentions to want to connect with you but those intentions are not certainly honest. That said, should anyone reach out to you online, you need to ascertain that the person they are claiming to be is really who they are.

It is lenient for scammers to open accounts by impersonating others and using those accounts to cheat innocent users.

One of the ways to verify that whomever you’re talking to is who they claim to be (especially when working in anonymous teams) is to reach out to the real person through other channels. That way, you’ll realize whether you’re speaking to the real person they claim to be or an impersonator.

5. Use different credentials for different sites

It is never a fair idea to use one credential on several social or web pages. Consider using a password manager. Good password managers will not only build strong passwords but also unique ones for that matter. That way, if you get one account hacked, all your additional accounts will be safe.

Although Web 3 is still in its beginning, it looks like we may be moving to this new version of the Internet within the next decade. However, security issues will need to be repaired before everyday users can truly have access to the “decentralized Internet”. Contrarily, Web 3 may not be successful.

Author

  • Yokesh Sankar

    Hi, I’m Yokesh Sankar, Co-founder & Chief Operating Officer at Dconn. Here, we believe in changing lives for the better and blockchain has endless possibilities to streamline virtually any industry you can imagine. I’m trying my best to advocate for the adoption of this revolutionary technology and we're helping businesses of all sizes realize their visions through blockchain. Here, I’ll be sharing everything I’ve learned over the years working in the industry and hoping to spread as much knowledge as I can about blockchain.

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