Understanding Cybersecurity Management In Decentralized Finance

This book discusses understand cybersecurity management in decentralized finance (DeFi). It commences with introducing fundamentals of DeFi and cybersecurity to readers. It emphasizes on the importance of cybersecurity for decentralized finance by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in DeFi. The book helps readers understand cyber threat landscape comprising different threat categories for that can exploit different types of vulnerabilities identified in DeFi. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software. The book includes the popular blockchains that support DeFi include Ethereum, Binance Smart Chain, Solana, Cardano, Avalanche, Polygon, among others. With so much monetary value associated with all these technologies, the perpetrators are always lured to breach security by exploiting the vulnerabilities that exist in these technologies. For simplicity and clarity, all vulnerabilities are classified into different categories: arithmetic bugs, re-Entrancy attack, race conditions, exception handling, using a weak random generator, timestamp dependency, transaction-ordering dependence and front running, vulnerable libraries, wrong initial assumptions, denial of service, flash loan attacks, and vampire Since decentralized finance infrastructures are the worst affected by cyber-attacks, it is imperative to understand various security issues in different components of DeFi infrastructures and proposes measures to secure all components of DeFi infrastructures. It brings the detailed cybersecurity policies and strategies that can be used to secure financial institutions. Finally, the book provides recommendations to secure DeFi infrastructures from cyber-attacks.

This book uncovers the idea of understanding cybersecurity management in FinTech. It commences with introducing fundamentals of FinTech and cybersecurity to readers. It emphasizes on the importance of cybersecurity for financial institutions by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in FinTech. The book helps readers understand cyber threat landscape comprising different threat categories that can exploit different types of vulnerabilties identified in FinTech. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software and addresses the challenges in managing cyber risks in FinTech. The authors discuss detailed cybersecurity policies and strategies that can be used to secure financial institutions and provide recommendations to secure financial institutions from cyber-attacks.

The proceedings of the 2nd International Conference on Next-Generation Computing and Information Systems (ICNGCIS'23) includes research papers in diverse emerging domains such as AI, blockchain, web 3.0, metaverse and edge computing apart from traditional domains such as distributed computing and networks and cybersecurity. The proceedings include papers addressing currently relevant research issues such as smart contract security, interoperability in the metaverse, AI applications in healthcare, agriculture and related domains. The proceedings encompass findings with real-world implications for the growth and evolution of modern computing and information systems by addressing various challenges related to their design, deployment, operational aspects, performance and shortcomings. The intended audience for the proceedings of ICNGCIS'23 include researchers from industry and academia, practitioners, students, technology enthusiasts and even general audience looking to explore interesting applications, use-cases and fundamental issues in modern computing and information systems.

The internet has undergone a remarkable metamorphosis since its inception. From the static web of the early days (Web 1.0) to the interactive and social web (Web 2.0), and now to the decentralized, intelligent, and immersive web (Web3), the evolution has been nothing short of astounding. This radical transformation has ushered in a new era in the digital realm, one that promises to reshape how we learn, communicate, transact, and interact with the world. Decentralizing the Online Experience with Web3 Technologies offers an exploration of the Web3 era, a transformative phase in the evolution of the internet. Beginning with the foundational understanding of Web3's core concepts, technologies, and tools, readers embark on a journey through the driving forces fueling its growth. The book demystifies blockchain technology, elucidating its basics and the practicalities of wallets and transactions. It delves into the world of cryptocurrencies, particularly Ethereum, and explores the disruptive potential of Decentralized Finance (DeFi). This knowledge empowers a diverse audience, from students to professionals and researchers across information technology, business, education, media, social sciences, and humanities.

A comprehensive guide that will give you hands-on experience to study and overcome financial cyber threats Key FeaturesProtect your financial environment with cybersecurity practices and methodologiesIdentify vulnerabilities such as data manipulation and fraudulent transactionsProvide end-to-end protection within organizationsBook Description Organizations have always been a target of cybercrime. Hands-On Cybersecurity for Finance teaches you how to successfully defend your system against common cyber threats, making sure your financial services are a step ahead in terms of security. The book begins by providing an overall description of cybersecurity, guiding you through some of the most important services and technologies currently at risk from cyber threats. Once you have familiarized yourself with the topic, you will explore specific technologies and threats based on case studies and real-life scenarios. As you progress through the chapters, you will discover vulnerabilities and bugs (including the human risk factor), gaining an expert-level view of the most recent threats. You'll then explore information on how you can achieve data and infrastructure protection. In the concluding chapters, you will cover recent and significant updates to procedures and configurations, accompanied by important details related to cybersecurity research and development in IT-based financial services. By the end of the book, you will have gained a basic understanding of the future of information security and will be able to protect financial services and their related infrastructures. What you will learnUnderstand the cyber threats faced by organizationsDiscover how to identify attackersPerform vulnerability assessment, software testing, and pentestingDefend your financial cyberspace using mitigation techniques and remediation plansImplement encryption and decryptionUnderstand how Artificial Intelligence (AI) affects cybersecurityWho this book is for Hands-On Cybersecurity for Finance is for you if you are a security architect, cyber risk manager, or pentester looking to secure your organization. Basic understanding of cybersecurity tools and practices will help you get the most out of this book.

The Cointelligence Guide to Decentralized Finance (DeFi) introduces readers to the next evolution in the financial industry. DeFi uses a blockchain-based infrastructure to decentralize many aspects of financial instruments, creating an economy that is more transparent, less corrupt, and more efficient than the current system. This book is designed to help every reader understand DeFi, even if they have no foundation in blockchain and cryptocurrency concepts. It begins with a history of digital currencies, introduces the basics of blockchain technology and cryptographic tokens, and then examines specific applications for decentralization within the financial industry. The book also covers the risks of DeFi and provides tips on best practices for users to secure the cryptocurrency and avoid scams. Also included are some opinions on the future of DeFi, and some case studies about current DeFi projects. Ongoing support is available from the authors on Telegram, should readers have any questions or want to learn more about DeFi.

Understand Cybersecurity fundamentals and protect your Blockchain systems for a scalable and secured automation KEY FEATURES Ê Understand the fundamentals of Cryptography and Cybersecurity and the fundamentals of Blockchain and their role in securing the various facets of automation. Also understand threats to Smart contracts and Blockchain systems. Understand areas where blockchain and cybersecurity superimpose to create amazing problems to solve. A dedicated part of the book on Standards and Frameworks allows you to be industry-ready in information security practices to be followed in an organization. Learn the very lucrative areas of Smart Contract Security, Auditing, and Testing in Blockchain. Finish to build a career in cybersecurity and blockchain by being Industry 4.0 ready. DESCRIPTIONÊ As this decade comes to a closure, we are looking at, what we like to call, an Industry 4.0. This era is expected to see radical changes in the way we work and live, due to huge leaps and advancements with technologies such as Blockchain and Quantum Computing. This calls for the new age workforce to be industry-ready, which essentially means an understanding of the core fields of Cybersecurity, Blockchain, and Quantum Computing is becoming imperative. This book starts with a primer on the ÒEssentials of CybersecurityÓ. This part allows the reader to get comfortable with the concepts of cybersecurity that are needed to gain a deeper understanding of the concepts to follow. The next part gives a similar primer on the ÒEssentials of BlockchainÓ. These two parts at the beginning of the book allow this book to be easily followed by beginners as well. The following parts delve into the concepts, where we see a ÒSuperimposition of Cybersecurity and BlockchainÓ, and the concepts and situations where we may see and understand amazing problems that systems in the current world face day in and day out. This book puts immense emphasis on helping the reader know about the Standards and Frameworks needed to be put in place to make an organization work seamlessly. Towards the end, a part dedicated to Smart Contract Security, Auditing, and Testing in Blockchain provides knowledge about what is one of the most lucrative career options and has vital importance in the field of Blockchain. Conclusively, the book tries well to make the reader ÒIndustry 4.0-readyÓ, helping them in traversing through the upcoming decade of significant career options. Ê WHAT WILL YOU LEARNÊ By the end of the book, you should be able to understand the gravity of the concepts involved in technologies like Blockchain and Cybersecurity, with an acute understanding of the areas, such as Quantum Computing, which affect the technologies. You will also know about the tools used in Smart Contract Auditing and Testing in Blockchain. You should be able to make a career in blockchain and associated technologies going forward. WHO THIS BOOK IS FORÊÊ This book is meant for everyone who wishes to build a career in blockchain and/or cybersecurity. The book doesnÕt assume prior knowledge on any of the topics; hence a beginner from any diverse field might definitely give these technologies a try by reading this book. The book is divided into parts that take the reader seamlessly from beginner concepts to advanced practices prevalent in the industry. No prior programming experience is assumed either. Familiarity with the basic web technologies would help, though it is not mandatory to follow this book. Table of Contents Preface Introduction Why Did We Write This Book? Part 1. Essentials of Cryptography Introduction Chapter 1: Cryptography Techniques Introduction Key Length Key Management Algorithmic Principles Usage Chapter 2: Cryptography Protocols Introduction Basic Components of Cryptographic Protocols Security Applications of Cryptographic Protocols Categories of Cryptographic Protocols Chapter 3: Algorithms and Modes Introduction Behind the Scene Mathematics Block Ciphers Stream Ciphers One-Way Hash Functions Public-Key Algorithms Symmetric Key Distribution using Symmetric Encryption Symmetric Key Distribution using Asymmetric Encryption Distribution of Public Keys X.509 Certificates Public-Key Infrastructure (PKI) Cryptographic Attacks Key-Exchange Algorithms Elliptic Curve Cryptography (ECC) Digital Signatures With Encryption Data Encryption Standard (DES) Secure Hash Algorithm (SHA) Message Digest Algorithms (MD5) Rivest, Shamir, Adleman (RSA) Zero-Knowledge Proofs Elliptical Curve Digital Signature Algorithm (ECDSA) Probabilistic Encryption Quantum Cryptography Part 2. Essentials of Blockchain Introduction What is Blockchain? The Need for Decentralization Demystifying Disintermediation Principles in Blockchain Architectures Chapter 4: Introduction: Distributed Consensus & Consensus Mechanisms Proof of Work (PoW) Proof of Stake (PoS) Proof of Elapsed Time (PoET) Byzantine Fault Tolerance (BFT) and Variants Federated Byzantine Agreement Ripple Consensus Protocol Algorithm Stellar Consensus Protocol Delegated Proof of Stake (DPoS) Chapter 5: Types of Blockchain Public Blockchain Private Blockchain Federated or Permissioned Blockchain Chapter 6: Key Considerations for Blockchain Implementations Scalability Interoperability Sustainability Contracts Currency Application Chapter 7 : Strategic Roadmap for Digital Enterprise Adoption Convergence of Principles Legacy of Cypherpunks Digital Enterprise Use Cases Digital Transformation Perspective Decentralized Operating Models Prominent Trust Patterns Major Challenges and Constraints Chapter 8: Blockchain Ð The New Generation Tool for Cybersecurity Blockchain with Turin Complete State Machine Private and Consortium/Permissioned BlockchainsÊ Overview of Security Tools in Blockchain Vulnerabilities in Blockchain Security Challenges to the Growth of Blockchain Eco-system Part 3: The Superimposition of Blockchain and Cybersecurity Chapter 9: Cyberattack Prevention Strategies Evolution of Security Endpoint Detection and Response (EDR) Deception Technology Cyberthreat Intelligence (CTI) Deploying Blockchain-based DDoS Chapter 10: Blockchain-based Security Mechanisms Blockchain-based DNS Alternatives Public Key Cryptography PKI Components and Functions Decentralizing the PKI System Deploying Blockchain-based PKI Identity Mechanisms Multi-Factor Authentication with Blockchain Blockchain-based Interaction Model for Security Chapter 11: Threats for Blockchain systems Cyberthreats with Public and Permissioned Blockchains Major Potential Attacks on Blockchain Networks Chapter 12: Practical Implementations and Use Cases IBM ADEPT Platform Digital Identity as a Distributed Data Structure Cyber-liability Management: A Connected Car Use Case A Smart Home Security Implementation Use Case Chapter 13: Security in Popular Public Blockchain Networks Project in Discussion: Corda Point-to-Point TLS-encrypted Communications Security using Notary Trust Pluggable Consensus Mechanism Chapter 14: Cryptography as a Digital Labor for the Integration of Distributed Finance New Generation Payment Infrastructure Powering Secure Global Finance Libra JP Money Ripple Stellar Lumens Part 4: Standards and Frameworks Chapter 15: ISO 27001 ISO 27001 Introduction Scope Terms and Definitions Structure Information Security Policies Organization of Information Security Human Resource Security Asset Management Access Control Cryptography Physical and Environmental Security Operations Security Communications Security Supplier Relationships Information Security Incident Management Implementation of ISO 27001 in Organizations Chapter 16: NIST Introduction to NIST and HIPAA HIPAA Security Rule NIST and its role in Information Security A Framework for Managing Risk HIPAA Risk Assessment Requirements Part 5: Smart Contract Security, Auditing and Testing in Blockchain Chapter 17: Smart Contract Auditing Why is a Security Audit Necessary Types of Smart Contracts Smart Contract Vulnerabilities and Known Attacks Ownership Attack Re-entrancy Attack Underflow and Overflow Attacks Short Address Attack Storage Injection Vulnerability Risks in ICO Crowdfunding Smart Contracts An Ideal Audit Process Chapter 18: Testing in Blockchain Blockchain Attacks Network Attacks User Wallet Attacks Transaction Verification Mechanism Attacks Mining Pool Attacks Security Testing Phases in Blockchain Testing Framework Quality Issues in Blockchain Practices and Governing Mechanisms Popular Tools for Testing Part 6: Blockchain Power Automation for Industry 4.0 Chapter 19: Risks posed by the ÔSmartÕ Economy ParadigmsÊ Zigbee Chain Reaction Attack Controlling Drones through Blockchain for Security & Auditing Securing Robots through Blockchain Secured Access and Management of Automobiles using Blockchain ÊÊ ÊChapter 20: Summary & Conclusion: ÊA Safer and Secure World with Blockchain-based Solutions

Decentralized finance (commonly referred to as DeFi) is a blockchain- based form of finance that does not rely on central financial intermediaries such as brokerages or banks to offer traditional financial instruments. Instead, it utilizes smart contracts on blockchains, the most common being Ethereum. With this report you will learn how to utilize this new technology in your business. Topics covered: DeFi Explained The Rise of DeFi DeFi's Top Applications The True Power of DeFi The Downsides to DeFi The Future of DeFi