Blockchain technology is inherently secure, but there are areas of risk to assess and protect. Mining projects are notoriously vulnerable to 51% attacks, and each day other exploits become publicized. Security vulnerabilities are common in software, the open nature of blockchain can make any vulnerabilities in your software more visible and noticeable. Patching vulnerabilities immediately will prevent costly intrusion and potential financial losses. Once your project is live, it becomes a target for bad-actors, fraudsters, and even government-actors with unethical intentions. Identifying risk is critical to a successful launch and unhindered operations.
It can be challenging to stay up to date on known vulnerabilities, and this is more pronounced when your project has begun as a fork of another blockchain. When you fork, you inherit any issues that are a part of that code-base. Most of these issues may not even be known to the original creator. As your organization grows, you will become aware of some of the glaring problems with your blockchain or software; unfortunately, awareness can come at a high price. The Blockchain industry is hyper-sensitive to security vulnerabilities, and one incident could make the difference between profitable operations and a no-confidence vote from consumers.
VME can help! VME works with some of the top security consultants in the world to test your software for known exploits, potential areas for concern, and can recommend or perform corrections to your systems. Sometimes security vulnerabilities have less to do with your initial code-base, and more to do with your internal network. VME can identify these risks, provide solutions, and mentor your team to avoid future catastrophe.