The cybercrime problem has persisted for many years and is certainly not going to go away any time soon. Regarding the problem, a CEO of the tech giant Sony stated that the solution to cybercrime is not two-factor authentication or the answer to a security question. The solution to cybercrime is to move to Web 3.0.
Why are Web 2.0 users vulnerable?
Since a digital identity on Web 2.0 typically consists of not only a nickname and photo, but also an email address, there is no way to verify who is logged into that account. Two-factor authentication exists, but a fairly large portion of users ignore it, putting themselves at risk. Furthermore, once a company obtains a user’s data, it has little control over what happens to it. Therefore, users’ personal information is sold, targeted advertising is created on this basis, and reselling only increases the risk of data falling into the hands of unsavory hackers.
How can Web 3.0 help?
Let’s go in order: Secure login. Decentralization will prevent corporations from controlling the user. All authorization will be done through decentralized identifiers (DID) and blockchain-based verification. Ensure control and monetization of your data. Once secure login technology is implemented, each individual will be able to use their personal data as they see fit. Everyone will have full control over who sees their data and who has to pay for it. For example, it will be possible to build a decentralized advertising network on Web 3.0 and give users the right to choose whether they want to receive advertising or not. Those who agree will receive a small percentage for the use of their data, and those who refuse will be assured that their data is very safe. Web 2.0 was designed to access information. It’s certainly an important feature, but it doesn’t help protect personal information. Web 3.0 will be created to guarantee the rights and freedoms that we have everywhere except on the Internet. But it is not worth drawing pictures of a bright decentralized future in your head. Web 3.0 still doesn’t seem very secure, as there are many risks associated with its concept, with various loopholes and vulnerabilities that can cause many problems in the future.