In Cybesecurity, this is called CYBER SQUATTING.
This right here is a text book example of username squatting, a form of cyber squatting in cybersecurity. This happens when someone registers a famous brand name like Telegram on WhatsApp before the actual company can claim it.
Vulnerability Scanning and Pen testing should both be done.
The fact you did one does not mean you should leave the other.
Both have same objectives but their strengths difers.
I wonder why people are posting so much about Claude finding the critical ZCash bug as if it’s a big deal.
HyperBridge got hacked, then launched a program on HackenProof and paid out about $120k within its first week or two for a ton of critical and high-severity bugs.
My point is, I don’t believe the bug was hidden in plain sight; security researchers simply weren’t incentivized. Notice that the bug only came out after they ran a bug bounty program, attracted a lot of talent, and then closed the program.
I would wager that the bug would have been found on the very first day on @HackenProof or @immunefi if they had launched a program, especially during this AI-assisted audit period we’re in.
If an AI model found it, anyone with a subscription could have found it too.
A formal bug bounty program really helps, I hope projects learn from this and launch a bbp on any of this big platforms.
And note, for web3, launching on bugcrowd if it isn't just the web2 aspect you are as good as not having a program(talking from experience)
To stay safe, never trust an account by its name alone. Look for official verification badges and report impersonators immediately.
But then, This is just for educational purpose, the main post is a meme.
The main disadvantages are that scammers use these official looking names for phishing attacks, fake customer support, and stealing user data. It also allows bad actors to spread misinformation under a trusted brand mask, or hold the handle hostage for extortion.
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I'm Adisa Blessing Oluwafikayo, a First-Class Mathematics graduate (CGPA: 4.76/5.0) from UNILORIN.
I'm happy to have been awarded a fully funded Master's scholarship in Mathematics at the University of Calabria, Italy.