Io.net Battles Cyberattack, Responds Quickly

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Io.net suffered a cybersecurity breach on April 25th. Hackers exploited previously exposed user tokens, allowing them to manipulate device metadata through SQL injection attacks. In response, we swiftly implemented new security measures, such as device-level auth zero authentication (OKTA), to prevent future incidents.

As a crypto investor, I’ve been following the unfortunate news about Io.net’s recent cybersecurity incident. According to updates, my understanding is that the breach was identified on April 25th when Io.net’s robust security systems detected unusual activity related to modifications in GPU metadata. In response, Io.net’s dedicated head of security, Husky.io, swiftly acted to bolster network defenses and safeguard our investments.

As a researcher investigating an incident, I’d rephrase it as follows:

— hushky.io (@0xHushky) April 28, 2024

Hackers were unable to directly tamper with the GPU hardware despite managing to manipulate some device data. This was due to Io.net’s robust security system, which featured multiple layers of permissions. Key enhancements included frequent scans, detailed logging of unauthorized access attempts, and a shift towards more secure user authentication methods.

Following the security breach, Io.net experienced an unexpected problem with its rewards program that led to a significant decrease in active GPU connections from 600,000 to only 10,000. Despite this setback, Io.net has swiftly introduced a revamped rewards scheme to attract more device owners and is working diligently to enhance and reconnect their systems.

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2024-04-28 16:20