Penetration Testing Analysis: Impact on Smart Contract Market Value

Bekti Cahyo Hidayanto; Izzat Aulia Akbar; R. Aditya Rayhan Zanesty

doi:10.1016/j.procs.2024.03.139

Penetration Testing Analysis: Impact on Smart Contract Market Value

Bekti Cahyo Hidayanto, Izzat Aulia Akbar^*, R. Aditya Rayhan Zanesty

^*Corresponding author for this work

Institut Teknologi Sepuluh Nopember

Research output: Contribution to journal › Conference article › peer-review

Abstract

This study focuses on specifically looking at how penetration testing affects the market value of smart contracts. This study uses a web-based IDE to deploy smart contracts, and it performs penetration testing utilizing reentrancy and delegatecall attacks. The targeted smart contract is exposed to potential exploitation as a result of the assaults' successful implementation. This study shows that penetration testing indirectly affects token prices since incorrect parameter selection and successful attacks might cause changes in token prices. The results emphasize how critical it is to find and fix smart contract vulnerabilities in order to reduce risks and potential losses.

Original language	English
Pages (from-to)	1404-1411
Number of pages	8
Journal	Procedia Computer Science
Volume	234
DOIs	https://doi.org/10.1016/j.procs.2024.03.139
Publication status	Published - 2024
Externally published	Yes
Event	7th Information Systems International Conference, ISICO 2023 - Washington, United States Duration: 26 Jul 2023 → 28 Jul 2023

Keywords

Smart contract
penetration testing
purchase intent
vulnerability

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10.1016/j.procs.2024.03.139

Cite this

@article{d426c50a42c24bd79c774a36d27f83d1,

title = "Penetration Testing Analysis: Impact on Smart Contract Market Value",

abstract = "This study focuses on specifically looking at how penetration testing affects the market value of smart contracts. This study uses a web-based IDE to deploy smart contracts, and it performs penetration testing utilizing reentrancy and delegatecall attacks. The targeted smart contract is exposed to potential exploitation as a result of the assaults' successful implementation. This study shows that penetration testing indirectly affects token prices since incorrect parameter selection and successful attacks might cause changes in token prices. The results emphasize how critical it is to find and fix smart contract vulnerabilities in order to reduce risks and potential losses.",

keywords = "Smart contract, penetration testing, purchase intent, vulnerability",

author = "Hidayanto, {Bekti Cahyo} and Akbar, {Izzat Aulia} and Zanesty, {R. Aditya Rayhan}",

note = "Publisher Copyright: {\textcopyright} 2023 The Authors. Published by Elsevier B.V.; 7th Information Systems International Conference, ISICO 2023 ; Conference date: 26-07-2023 Through 28-07-2023",

year = "2024",

doi = "10.1016/j.procs.2024.03.139",

language = "English",

volume = "234",

pages = "1404--1411",

journal = "Procedia Computer Science",

issn = "1877-0509",

publisher = "Elsevier BV",

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TY - JOUR

T1 - Penetration Testing Analysis

T2 - 7th Information Systems International Conference, ISICO 2023

AU - Hidayanto, Bekti Cahyo

AU - Akbar, Izzat Aulia

AU - Zanesty, R. Aditya Rayhan

PY - 2024

Y1 - 2024

N2 - This study focuses on specifically looking at how penetration testing affects the market value of smart contracts. This study uses a web-based IDE to deploy smart contracts, and it performs penetration testing utilizing reentrancy and delegatecall attacks. The targeted smart contract is exposed to potential exploitation as a result of the assaults' successful implementation. This study shows that penetration testing indirectly affects token prices since incorrect parameter selection and successful attacks might cause changes in token prices. The results emphasize how critical it is to find and fix smart contract vulnerabilities in order to reduce risks and potential losses.

AB - This study focuses on specifically looking at how penetration testing affects the market value of smart contracts. This study uses a web-based IDE to deploy smart contracts, and it performs penetration testing utilizing reentrancy and delegatecall attacks. The targeted smart contract is exposed to potential exploitation as a result of the assaults' successful implementation. This study shows that penetration testing indirectly affects token prices since incorrect parameter selection and successful attacks might cause changes in token prices. The results emphasize how critical it is to find and fix smart contract vulnerabilities in order to reduce risks and potential losses.

KW - Smart contract

KW - penetration testing

KW - purchase intent

KW - vulnerability

UR - http://www.scopus.com/inward/record.url?scp=85193203349&partnerID=8YFLogxK

U2 - 10.1016/j.procs.2024.03.139

DO - 10.1016/j.procs.2024.03.139

M3 - Conference article

AN - SCOPUS:85193203349

SN - 1877-0509

VL - 234

SP - 1404

EP - 1411

JO - Procedia Computer Science

JF - Procedia Computer Science

Y2 - 26 July 2023 through 28 July 2023

ER -

Penetration Testing Analysis: Impact on Smart Contract Market Value

Abstract

Keywords

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