The Role of Cybersecurity in Fund Recovery
When cryptocurrency is lost due to a hack, phishing scam, or platform vulnerability, cybersecurity experts play a critical role in the recovery process. Their responsibilities include:
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Identifying the Source of the Breach:
Analyzing how the attacker gained access—whether through malware, social engineering, weak credentials, or system flaws. -
Forensic Investigation:
Tracing stolen funds across the blockchain using digital forensics, IP analysis, metadata tracking, and threat intelligence. -
Securing Affected Systems:
Ensuring that compromised wallets, devices, or accounts are immediately secured to prevent further loss. -
Supporting Legal Evidence Gathering:
Providing digital logs, attack vectors, and tracing reports that can be used in criminal investigations or civil recovery cases.