Certik Releases Q3 Security Report for the Web3 Industry
The blockchain industry continued to face significant security challenges in the third quarter of 2024. According to Certiks Q3 Security Report, there were 155 security incidents during this period, resulting in total losses of $753.09 million. Compared to Q2 2024, although the number of incidents decreased by 27, the amount of losses increased by 9.5%. These figures indicate that while the frequency of security incidents has decreased, the average loss per incident has risen, reflecting the increasing complexity and sophistication of attack methods. Large-scale phishing attacks and private key leaks, in particular, have caused substantial losses for users and businesses, raising widespread concerns within the industry regarding security issues.Analysis of Security Incident Types and On-Chain Distribution In the third quarter, phishing attacks were the most prevalent, involving 65 incidents and causing approximately $343.09 million in losses. These attacks often exploit user negligence, impersonating legitimate websites or wallets to steal users private keys and sensitive information. Additionally, private key leaks represented another significant threat, resulting in $324.4 million in losses from just 10 incidents, each with considerable financial damage, highlighting their high destructive potential. Besides these primary types, other attack methods, including smart contract exploits and exchange hacks, also impacted the market
