The India Web 3 Association (BWA) has announced the CyberScurement Workshop, which will be held in Bangalore on May 8. During the next event, the BWA will discuss security challenges regarding crypto exchanges and wallets. Representatives of several crypto firms like Queen Base and Bitgo have been listed as the speaker of the workshop. The purpose of the BWA is to prepare Indian web 3 firms to deal with sophisticated hacking and schemeing methods that are used to target the industry of 3 trillion (about Rs 2,52,75,450 crore) by malicious actors.
Quandix Siso Sridhar Gordhan is one of the speakers to discuss the lesson that can be learned from recent violations that have affected the web3’s place. Chennai told Gadget 360 that other representatives of companies like Queensch and Madroms also needed to make speeches in the workshop.
The head of technology risk and security compliance, Muralidharan Sundermrathorthi, APAC, Coin Base and Barat Jawahar, Director of Engineering, Batgo need to talk about the threats of web -3 projects around third -party integration and cloud security.
Mark Crisis, a senior member of the Cryptocurrency Security Standard (CCSS), will also be practically involved in the debates. CCSS is a certification program that audits 3 firms on their safety protocol. Was the certification program According to the notifications In 2014, the cryptocurrency certification was established by the consortium (C4).
As part of the upcoming workshop, the BWA has intended to highlight important risks that possess a serious threat to the stability of the ecosystem. These web is part of the ongoing efforts to prevent 3 businesses and investor community from fluctuating and scams.
BWA Chairperson Dilip Chennai told Gadget 360 that the topics around digital assets, API security, and infrastructure protection have been listed as the top priority of the workshop.
Industry representatives will also discuss cooperative ways to adopt healthy ways to protect their customers against web 3 crimes.
Although the web 3 industry has developed in several cities all over India, Bangalore has been declared the country’s largest center. In November 2024, a BWA report claims that Karnataka has at least 97 web 3 firms.
Similarly, a Queens switch report also claims that Bangalore and Delhi are the key crypto trading hubs in the country.
Web 3 security condition in India
In a recent Binance survey, crypto players in Asian countries like India demand modern measures for security measures. More than half of the Asian -based binns survey respondents have expressed their desire to participate in the anti -scheme -administered anti -scheme -administered platform.
Last year, after the Wazirks hack, which led to the loss of more than $ 250 million (about Rs 1,900 crore) in funds, the BWA issued a detailed guideline in January this year to promote secure business methods for India’s Web 3 service providers.
As part of its guidelines, the BWA instructed its member companies to provide customers with transparent information on the list of assets, market prices and trade rules. VASPS has also been instructed to implement activities such as wash trading, internal trading, and activities such as pump and dump schemes. In addition, BWA encourages measures to inform investors in safe trade ways.
