In the evolution of Internet-based technologies, Web 2.0 introduced popular decentralized services that accelerated interactivity between websites and users. Looking to capitalize on this innovation, businesses rushed to launch applications to the market. However, both the Web 2.0 architecture and dependent businesses failed to incorporate key security principles into the design and implementation of these services, resulting in critical vulnerabilities. These vulnerabilities are now being exploited ruthlessly by sophisticated cyberattacks, ransomware incidents, and deep fakes that are causing tremendous financial and reputational losses.
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