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Cybersecurity Attacks and Detection Methods in Web 3.0 Technology: A Review.

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  • 1Department of Information Technology, University of Tabuk, Tabuk 47731, Saudi Arabia.

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PubMed
Summary
This summary is machine-generated.

Web 3.0 offers user data ownership via decentralization, but faces significant cybersecurity challenges. This survey explores Web 3.0 security risks and mitigation strategies, particularly in decentralized finance (DeFi).

Keywords:
Web 3.0blockchaincryptocurrencycybersecuritydecentralizationdecentralized financemetaverse

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Area of Science:

  • Computer Science
  • Information Security
  • Internet Technologies

Background:

  • Web 3.0 introduces a decentralized internet prioritizing user control over data and digital assets.
  • Blockchain technology underpins Web 3.0's secure communication but introduces new security vulnerabilities.
  • The transition to Web 3.0 necessitates a thorough examination of its evolving security landscape.

Purpose of the Study:

  • To survey the current state of Web 3.0, including its background, foundational technologies, and applications.
  • To provide a comprehensive overview of cybersecurity risks pertinent to Web 3.0, with a focus on decentralized finance (DeFi).
  • To investigate and categorize state-of-the-art security solutions addressing identified Web 3.0 threats.

Main Methods:

  • Literature review and analysis of existing Web 3.0 technologies and security research.
  • Classification of cybersecurity risks within the Web 3.0 domain, specifically for DeFi applications.
  • Categorization of current security mitigation techniques based on the threats they address.

Main Results:

  • Web 3.0's decentralized nature presents unique security challenges, distinct from traditional web architectures.
  • Cybersecurity risks in DeFi are classified into seven distinct categories, highlighting vulnerabilities in smart contracts, oracles, and economic exploits.
  • Various state-of-the-art security measures are identified and mapped to specific risk categories, offering insights into effective countermeasures.

Conclusions:

  • Despite its potential, Web 3.0 faces substantial security hurdles that require ongoing research and development.
  • Effective mitigation strategies are crucial for the secure deployment and widespread adoption of Web 3.0 technologies.
  • Future research should focus on proactive security measures and robust frameworks to safeguard users and assets in the decentralized web ecosystem.