An application, system, or database is systematically examined as part of a security audit to determine its reliability and security. A peer review of a smart contract or blockchain code is what security audits in blockchains entail to find any potential bugs or defects.
A security audit examines procedures in accordance with specified standards or guidelines, like the Common Criteria for IT Security Evaluation. To make sure that their systems are resistant to potential leaks, invasions, or cyberattacks, many businesses conduct security audits.
In addition, security audits are crucial for evaluating regulatory compliance because they show how a business or organization is handling and safeguarding sensitive data.
