• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Io.net Implements Swift Security Enhancements Following Cybersecurity Incident

user avatar

by Giorgi Kostiuk

a year ago


Decentralized physical infrastructure network Io.net faced a cybersecurity breach due to malicious attackers exploiting vulnerabilities in user identity disclosures to execute a SQL attack on the GPU network. Io.net's security chief, Husky, swiftly responded by implementing security upgrades and corrective measures to safeguard the network. Fortunately, the strong permission layers in place prevented harm to the actual hardware of the GPUs. The breach was detected during increased write operations on the GPU's metadata APIs and was resolved the following day, following triggered alerts.

In the aftermath, Io.net bolstered security measures by incorporating SQL checks on APIs and enhancing unauthorized attempt logging. Furthermore, they rapidly implemented a user-specific authentication solution using OKTA and Auth0 to address security vulnerabilities related to universal authorization processes.

The breach stemmed from vulnerabilities identified during the implementation of a Proof of Work mechanism to detect counterfeit GPUs. Prior security patches had been applied, necessitating ongoing reviews and enhancements due to evolving attack strategies. Attackers exploited an API flaw to reveal content in the entry and exit navigator, inadvertently exposing user identities linked to device identifiers, which were compiled into a database weeks before the breach.

Key considerations include the importance of robust permission layers to mitigate hardware damage during cyber incidents, the swift deployment of tailored authentication solutions post-breach, and the critical need for continuous security reviews and vulnerability patches to adapt to advancing cybersecurity risks.

Despite the challenges, Io.net remains committed to encouraging supply-side involvement, restoring network connectivity, preserving platform integrity, and providing computational services. Husky stressed the significance of regular comprehensive reviews and penetration tests at public access points to identify and neutralize threats promptly. This update was originally posted on BH NEWS.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

BlackRock's iShares Bitcoin Trust Sees Inflows Despite Market Decline

chest

BlackRock's iShares Bitcoin Trust (IBIT) attracted $134 million in new investments over two trading days, defying the overall market trend.

user avatarAyman Ben Youssef

Mantra Completes Migration of Protocol-Owned Liquidity to Native DEX

chest

Mantra has successfully migrated all protocol-owned liquidity from Uniswap to its native decentralized exchange within 24 hours after the approval of Proposal 17.

user avatarTomas Novak

Current Trading Status of OM Token

chest

The OM token is currently trading at approximately 0.1605, reflecting a 3% daily drop and a 9% decline over the past week.

user avatarKaterina Papadopoulou

RTFKT Co-founder Benoit Pagotto Passes Away at 41

chest

The NFT community mourns the sudden passing of Benoit Pagotto, co-founder of RTFKT, who died unexpectedly at the age of 41.

user avatarAisha Farooq

Clone X NFT Collection Experiences Major Decline After Pagotto's Death

chest

The Clone X NFT collection has experienced a significant decline in trading volume and floor price following the death of Benoit Pagotto.

user avatarMaya Lundqvist

Integration of ESG Factors Drives Investment Alpha

chest

The integration of ESG factors has become a key driver of investment performance, utilizing data analytics to enhance portfolio performance and risk mitigation.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.