The document provides an overview of the security challenges associated with hardware wallets, specifically focusing on various attack vectors including software, perturbation, side-channel, and physical attacks. It outlines the resilience and vulnerabilities of hardware-based security systems, particularly in the context of cryptocurrencies, and emphasizes the need for dedicated hardware solutions due to the difficulty of securing software. The paper concludes by stressing the importance of leveraging decades of smartcard industry legacy to enhance security against increasingly sophisticated attackers.