Mudit Gupta, the chief information security officer of Polygon (CRYPTO: MATIC), highlighted the gap between theoretical and practical security measures in the blockchain and cryptocurrency industry. He pointed out that while the industry is making rapid strides in theoretical security, it lags significantly in terms of practical security. Gupta also revealed billions of dollars have been lost due to individuals misplacing their mnemonic keys and warned that an even larger amount is at risk due to improper security measures.