Common Blockchain Security Problems

Blockchain startups are losing 760 USD in ICO hacks as per the research. Majority of this hacks are happing due to lack of awareness about phishing and security around the token sale website.
Here we are discussing some common blockchain security problem and the solution that can keep your ICO unhackable. Following are some common problems that are the root causes of blockchain hacks:
• Protocol security
• Smart contract security
• Phishing
• Social media scams.
• Lack of security around the token sale websites.

1. Protocol security: All the ICO and blockchain transactions are now happing online by the use of internet, so now a days hackers are using internet protocol to hack your online transaction, so be aware about this…

2. Smart contract security: smart contract code is, for the most part, discharged through Github before the token deal. Programmers take digital forms of money by abusing code blemishes in smart contracts. DAO is a great model. By using this you can review your smart contracts and make them hearty and strong to the most recent assaults. More than 350 Million USD has been stolen by programmers by abusing bugs in Smart Contract code. read more

3. Phishing: 100% of medium and large ICOs fall prey to phishing tricks. Programmers imitate you through a forge URLs . More than 400 Million USD has been lost to Phishing tricks. For protecting yourself from phishing attack you need someone to assist you with 360-degree trick insurance. Read more

4. Social media scams: lots of lCOs are losing money because of social media scams. Hackers forge social media accounts in Telegram, Medium, Whatsapp and so on, to take cash from your investors, so be aware of this and keep your self safe from this kind of attack. Read more

5. Lack of security around the token sale websites: Here hacker are misconfigured ICO Domain or subdomain to redirect the investors to hacker controlled web application, so that they can get all the investors money, for protecting yourself from this kind of attacks you need the help of security experts. Read more

So this is the common technique that users are using. If you guys have some more points so please add on omments.
Read more about this problems and hacks:
https://entersoftsecurity.com/blockchain-security
https://blog.entersoftsecurity.com/ico-hacks