Several recent data breaches, including those of Marks & Spencer, Co-op, and Coinbase, have exposed sensitive user information and resulted in significant losses.
Centralized servers in Web2 are vulnerable to cyberattacks, with hackers exploiting social engineering and insider leaks to access personal data.
Web3 offers a solution with decentralized storage options like IPFS, Filecoin, and Ceramic, which can mitigate breaches by keeping data encrypted and in users' control.
Web3 promotes a user-first approach, empowering individuals to take control of their data and shift from being passive inventory to active owners in the digital realm.