• 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

Binance Founder CZ Discusses Bitcoin Price Decline

chest

Binance founder Changpeng Zhao discusses the decline in Bitcoin prices, emphasizing the importance of investor psychology and strategies for buying and selling during market fluctuations.

user avatarDiego Alvarez

Stablecoin Integration Promises Surge in Institutional Investments

chest

The integration of stablecoins in Hong Kong's crypto framework is expected to attract more institutional investors.

user avatarMaria Fernandez

TAO Retests Strong Support Ahead of Upcoming Halving

chest

Bittensor's native token, TAO, is currently retesting a significant support level as it approaches its halving event in December 2025.

user avatarKenji Takahashi

Weird Coin WEIRD Launches on BNB Chain

chest

Weird Coin WEIRD has officially launched on the BNB Chain through a fair and permissionless deployment on Fourmeme.

user avatarGustavo Mendoza

Ethereum's Focus on Layer 2 and Deflationary Strategies

chest

Ethereum is implementing deflationary strategies and scaling advancements through Layer 2 solutions, expected to enhance its market position by 2026.

user avatarRajesh Kumar

Federal Reserve to Cease Quantitative Tightening on December 1.

chest

The Federal Reserve is set to conclude its quantitative tightening phase on December 1, 2023, which may benefit Bitcoin and the broader crypto sector.

user avatarMiguel Rodriguez

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.