• 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

2 years 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.

chest

Other news

Aave's Fractal Setup Indicates Potential Bullish Continuation

chest

Aave's price action suggests a potential bullish continuation as it trades within a symmetrical triangle formation.

user avatarAndrew Smith

Market Volatility Threatens Long-Term Investment Discipline

chest

Market volatility is identified as the greatest threat to long-term investment success, impacting investor discipline more than capital.

user avatarJacob Williams

Litecoin Price Forecasted for Explosive Rally

chest

A crypto analyst predicts that Litecoin could surge to $110, breaking out of its long-term descending channel.

user avatarDavid Robinson

Avalanche and Chainlink Show Stability Amid Market Fluctuations

chest

Avalanche and Chainlink are maintaining stability in their price movements, providing a solid backdrop for emerging projects like Apeing.

user avatarZainab Kamara

OpenAI, Anthropic, and Block Join Forces to Standardize AI Agents

chest

OpenAI, Anthropic, and Block have formed the Agentic AI Foundation to create standards for AI agents, preventing fragmentation and ensuring interoperability.

user avatarSon Min-ho

Bitcoin Price Soars to 94K on Escalating Odds of Another Rate Cut

chest

Bitcoin's price surged to an intraday high of around 94,600, marking a 35% increase in 24 hours, driven by speculation of a potential interest rate cut by the US Federal Reserve.

user avatarAyman Ben Youssef

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.