Over the last few months, crypto ecosystems have had major security incidents that were not caused by smart contract vulnerabilities, but rather because of more advanced compromises, like fake identities and AI-generated scams.
Those types of vulnerabilities will drive the next wave of blockchain security concerns, according to the chief information security officer (CISO) at the Solana Foundation, Michael Coates.
"You have to do everything that a Web2 company has to do for security, and the incremental uniqueness to Web3," Coates said in an interview with CoinDesk. "When you have adversaries that are definitely motivated and can take funds irrevocably, they are going to look for any mistake."
Coates, who was previously the CISO at Twitter, and led security at Mozilla during the browser wars, joined the Solana Foundation earlier this year. That role means that not only is he securing the foundation itself, but he's also working with Solana ecosystem projects to bring strong security practices to their networks and projects, and meeting with regulators to set up the right cybersecurity standards.
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