Smart Contract Risks
Smart contract risk, in a cybersecurity context, refers to the vulnerabilities and potential exploits inherent in smart contracts, self-executing contracts on a blockchain. These risks stem from code bugs, design flaws, or unexpected interactions with the blockchain environment. Exploits can lead to financial loss, data breaches, or disruption of services. For example, reentrancy attacks allow an attacker to withdraw funds before the contract can update its balance repeatedly. Overflow/underflow vulnerabilities manipulate arithmetic operations to gain unauthorized benefits. Logic errors can be exploited to disrupt the intended contract functionality.
ThreatNG can help mitigate smart contract risks, even with its current capabilities. Here's how:
External Discovery and Assessment:
Domain Intelligence: ThreatNG's Domain Intelligence module can identify Web3 domains associated with an organization. By analyzing the Web3 domain, ThreatNG can uncover potential risks related to the smart contracts used for domain resolution. For example, if a Web3 domain relies on a vulnerable smart contract, ThreatNG can flag this, allowing the organization to take corrective action.
Sensitive Code Exposure: ThreatNG can scan code repositories for vulnerabilities, including those in smart contracts. This can help identify exploits like reentrancy attacks or overflow/underflow vulnerabilities.
Reporting and Continuous Monitoring:
Technical Reporting: ThreatNG can provide detailed reports on smart contract vulnerabilities, including their severity and potential impact.
Alerts: ThreatNG can be configured to send alerts when new vulnerabilities are discovered in smart contracts associated with an organization's Web3 domains.
Investigation Modules and Intelligence Repositories:
Domain Intelligence: This module can investigate the Web3 domain and its associated smart contracts.
Sensitive Code Exposure: This module can be used to analyze the code of the smart contracts for vulnerabilities.
Known Vulnerabilities: ThreatNG maintains a repository of known vulnerabilities, including those related to smart contracts.
Working with Complementary Solutions:
ThreatNG can integrate with other security tools to enhance smart contract risk mitigation. For example:
Blockchain Security Scanners: Integrating with specialized blockchain security scanners can provide more in-depth analysis of smart contract code.
Bug Bounty Platforms: ThreatNG can integrate with bug bounty platforms to incentivize security researchers to identify and report vulnerabilities in smart contracts.
Examples of ThreatNG Helping:
ThreatNG identifies a vulnerability in a smart contract used by an organization's Web3 domain, preventing a potential exploit that could have led to the theft of funds.
ThreatNG discovers a malicious Web3 domain impersonating an organization and using a vulnerable smart contract, protecting users from potential phishing attacks.
Examples of ThreatNG Working with Complementary Solutions:
ThreatNG integrates with a blockchain security scanner to identify a reentrancy vulnerability in a smart contract.
ThreatNG integrates with a bug bounty platform, leading to the discovery and patching of a critical vulnerability in a smart contract used by an organization.
