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Write about 1500-2000 words to briefly describe the attached slides. Focus on Exploit the vulnerabilities of smart contract games.
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Running head: CYBER CRIMES ON SMART CONTRACTS
Cyber Crimes on Smart Contracts
Student
Institution
Date
CYBER CRIMES ON SMART CONTRACTS
2
Cyber Crimes on Smart Contracts
Smart contract use has increased in the business world today as it does not allow for thirdparty involvement in the transformation of information. It is designed to digitally facilitate, verify
and enforce the negotiation or the performance of the contract in the business between two parties.
Its use includes the block chains which is visible to all the users of the blocked mail. As a result,
it is open to situations of bugs, including security holes which leads to cybercrimes. This result in
loss of business information which gets into the hands of unauthorised people. There is a need to
control and protect the business information and as such all the block chains need security. This
essay will focus on all the types of cybercrime and how to counter all the vulnerabilities that pose
a threat to an organisation's information.
In the modern world, there are various forms of cybercrime which multiple people use to
get access to information of organisation or people of their interest. Phishing is a way of obtaining
personal information through emails and communication sent to the business. This also involves
loss of considerable company information as these people track the information before they get
into the market. The people can truck the devices used and steal the data. Also, the people involved
in cybercrime may take advantage of the vulnerability in the system to gain information about the
company. These people look at the loopholes in the business and gain access to the business
information. All these weaknesses should be prevented for information safety.
Another form of cybercrime is by hacking which involves getting into access on someone's
co...