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Cybersecurity is ‘more important during a period of growth,’ founder says

Author: Content Editor
The article discusses the importance of cybersecurity in the crypto industry, particularly as it enters a new growth phase. The founder of Forta, Andy Beal, emphasizes that security becomes more crucial during periods of expansion, as the potential rewards for attackers increase. With the expected entrance of retail investors into the crypto market during a bull market, those who are less aware of security may become easy targets for malicious actors. Beal predicts that the crypto cybersecurity space will adopt more traditional cybersecurity tools, such as firewalls, to address these threats. He believes that the concepts and best practices from Web2 security will be applied to Web3, leveraging the advancements made over the past 30 years. Overall, the integration of AI and crypto in the cybersecurity space is seen as a potential use case to enhance security measures.

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