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Immunefi, Polygon Labs, Solana Foundation released the Rekt Test security standard

  • Immunefi announced the launch of its new Rekt Test initiative. It allows you to assess the reliability of a particular project. 
  • The questionnaire lists questions about personnel, reporting and organizational structure. Its purpose is to provide direction for implementing additional security measures. 

The Immunefi platform has reported the launch of the new Rekt Test security standard. Polygon Labs, Solana Foundation and Trails of Bits participated in the development of the project. 

The announcement states that the Rekt Test is a small questionnaire designed to determine whether a project meets minimum security requirements. It can also help users and investors assess how reliable the protocol really is, the company says. 

The questionnaire was compiled with input from a panel of experts. It consists of seven blocks:

  • system documentation and organizational structure. Immunefi noted that the response and damage minimization of any security incident is directly dependent on the effectiveness of coordination;
  • key management and access control. The company recommends creating a tiered system with diversified responsibilities that will make hacking much more difficult;
  • incident response and crisis management. A well-designed plan with clearly assigned tasks for staff is necessary to maximize the problem;  
  • staff safety. According to the questionnaire, team management should thoroughly analyze all employees and determine their reliability level. The stage involves a number of measures, including identity, background and online history checks;
  • code analysis. You need to make sure it meets all requirements in terms of compile-time security;
  • external auditing. One of the options offered is bug bounty;
  • deterring attacks and protecting users. It is necessary to work through the different vectors of a potential hack, verify the safety and reliability of the system, and make sure that personal data is fully protected. 

“The current state of security in the Web3 sphere can be described as immature and low-quality,” The Block quoted the company’s statement as saying. 

Rekt Test, in turn, is a critical standard designed to ensure that a project is robust and meets minimum cybersecurity requirements, Immunefi emphasized. Earlier we reported that the CoinsPaid platform was hacked with $37.3 million in damages. The project’s administration said North Korea’s Lazarus Group was involved in the attack.