Supply Chain Attack

Crypto terminology for supply elasticity refers to the responsiveness of cryptocurrency supply to price changes, impacting market dynamics and investment strategies.

A supply chain attack involves targeting the various components and participants within a system to compromise its integrity. In the realm of cryptocurrencies, this can manifest through the compromise of software, wallets, or exchanges used to manage digital assets.Attackers often infiltrate the software development process. They may insert malicious code into updates or tools, which are then distributed to unsuspecting users. This leads to the unwitting adoption of compromised software, resulting in stolen funds or sensitive information.Another tactic is targeting third-party service providers, such as wallet services or exchanges. By breaching these platforms, attackers can gain access to customer accounts, siphoning off assets directly.Supply chain attacks exploit trust, making them particularly insidious. Users typically assume that the software they download or the platforms they engage with are secure. Therefore, maintaining robust security practices, such as verifying software integrity and being cautious with third-party services, is crucial for safeguarding assets.

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