Key Takeaways
How is DeFi security different from that of traditional fintech?
Major differences arise from the unique organizational structures of DeFi protocols, the specifics of onchain security, and the transparency and speed of onchain transactions.
What are currently the largest threats in DeFi?
Phishing and social engineering are top of mind for DeFi security professionals, which can lead to private key theft from malware-infected devices.
What's the ideal security incident response time?
Having a plan in place and being able to respond quickly is crucial for DeFi security teams, with 15 minutes being the ideal response time for a security incident.
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