Best Practices for Mitigating Cybersecurity and Blockchain Risks With Roderic Deichler

Roderic Deichler is the Co-founder and Chief Security Officer at AfterDark, a boutique blockchain security company delivering white glove services, such as smart contract advising, pentesting, and security advising. Roderic founded the company to fill the security gap in Web3. Before AfterDark, he led pentesting at Mandiant and smart contract audits at Coinbase and OpenZeppelin. Roderic discovered his enthusiasm for cybersecurity while studying computer science at UC Santa Barbara and competing in Capture the Flag competitions and hackathons. In this episode… Web3 is an extension of cryptocurrency and innovatively uses blockchain. Since a blockchain stores many tokens in a digital wallet, how can cybersecurity professionals fill security gaps on Web3? Risks that threaten Web3 include smart contracts, phishing, scams, and hacks targeting a user's crypto wallet. According to Roderic Deichler, a veteran cybersecurity professional, there are multiple best practices to mitigate security risks, including applying security strategically, security audits, and multifactor authentication. Security architects use various thought processes when applying security, usually embracing security-by-design principles. Since developers conduct several project tests before and after releasing new code, companies should consider employing internal security teams or consulting security auditors to reveal potential bugs. Social hacking has become a prevalent method for tricking users into revealing their confidential information. To diminish this risk, Roderic suggests using multifactor authentication (MFA), a multi-step process requiring more instruction plus a password. In this episode of the She Said Privacy/He Said Security Podcast, Jodi and Justin Daniels interview Roderic Deichler, Co-founder and Chief Security Officer of AfterDark, about cybersecurity risks. Roderic explains security risks in smart contracts, phishing risks in Bitcoin and other digital wallet assets, and AI's impact on cybersecurity.