Cyberattack mitigation involves implementing measures to lessen the impact and likelihood of digital security breaches. These actions comprise a range of defensive strategies designed to reduce the vulnerability of systems and assets to malicious cyber activities, as well as to contain and recover from attacks. Effective mitigation includes proactive security protocols, incident response planning, and the deployment of protective technologies. Its aim is to safeguard digital infrastructure and maintain operational integrity against various cyber threats.
Context
In the cryptocurrency and blockchain domain, cyberattack mitigation is of paramount importance due to the irreversible nature of transactions and the high financial value of digital assets. News often reports on breaches of exchanges, decentralized finance protocols, or individual wallets, highlighting the continuous need for robust security frameworks. Ongoing efforts focus on enhancing smart contract auditing, multi-signature requirements, and advanced threat detection systems to fortify the ecosystem against evolving cyber risks.
CASPs must immediately integrate DORA's systemic ICT risk management and third-party oversight framework into their core compliance architecture by the January 2025 deadline.
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