In today's Web3 landscape, security is not just an option; it's a necessity. Cyber threats are becoming increasingly sophisticated and targeted, so safeguarding your code and smart contracts as a startup is crucial.
Understanding the Importance of Security Assessments
Naturally, the stakes are high when it comes to the security of your code and smart contracts.
Your code is the backbone of your digital operations. Whether you're building a web application, a financial platform, or a smart contract for a blockchain project, the security of your code directly impacts your business, your clients, and your reputation.
Imagine a scenario where your code has unknown vulnerabilities, waiting to be exploited by malicious actors.
The consequences could be disastrous: data breaches, financial losses, legal liabilities, and damaged customer trust. Even a minor security oversight can have far-reaching consequences.
The Ponemon Institute's 2020 Cost of a Data Breach Report revealed that the average cost of a data breach was $3.86 million.
Not to mention the long-term damage.
But enough about the consequences of ignoring security. In your position, you should be more than aware of the effects.
Now, it's time to start preventing breaches.
When folks hear of security risk assessments, a 4-week cost- and time-consuming activity is imagined. And although security is crucial, most executives can't decide to just jump on those expenses.
But it doesn't mean all hope is lost.
Security Risk Assessments are a major starting point for all security measures you need to take. If more tests are needed (or not), a security risk assessment identifies specific vulnerabilities you need to fix and allows you to pick the best options available to you!
The best time for assessing your security risk was the first time you created code. The next best time is now.
AI + Security Risk Assessments: Staying Ahead of the Risks
Right now, there are a few good options for getting tighter security: diving straight into automated security testing, trying a penetration test, and more.
All are great options, and all require a financial investment.
Rather than wait till the budget is approved, take a step to our AI-powered Risk Assessment and immediately* know what your security stance is.
Artificial intelligence brings unparalleled speed and accuracy to Resilient’s security risk assessment. It can analyze the threat landscape against your current practices faster than ever before.
Coupled with our century of cyber experience, our AI-powered risk assessment can analyze your submission and send results in as little as 48 hours. See a sample report here.
Security is not a luxury; it's a necessity. Take the first step towards safeguarding your code and smart contracts.
The digital world is teeming with threats, but with the right knowledge and tools, you can fortify your defenses. Don't wait for a security breach to occur—take proactive steps now to protect what matters most.