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

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.