A New Type Of Cybersecurity To Tackle The Surge In NFT And Crypto Scams

Interlock, a next-generation cybersecurity company, today introduces its blockchain-based security solution set to change the face of cybersecurity. The new technology has been created to address the surge of cryptocurrency and NFT threats that have risen sharply in recent times. Between 2020 and 2021 alone, cryptocurrency theft rose 516% to a value of $3.2 billion, with a reported average loss of $1,900 per person.

The speed at which today’s technology is moving has meant that the security and testing normally in place have not had time to adapt. As the adoption of NFTs and crypto wallets gain popularity, a window for new, sophisticated, and malicious attacks has opened.

Interlock offers a fresh solution that leverages blockchain technology, ushering in a new era of smarter, safer, and more collaborative online security. The first Interlock product is a browser extension that provides instant protection from browser-based threats like impersonation sites and malicious links while rewarding users for sharing anonymized browsing data. Users can install the bowser extension in just 2 clicks, and then browse the web as normal. When they come across malicious sites or click on dangerous links, they are detected and blocked, in real time, keeping people protected. You can sign up now at Interlock.

cybersecurity

To detect the malicious sites, Interlock uses Visual AI, scanning over 100 million websites, 67 billion pages and 12.20 trillion links for visual look and feel. When people visit a look-a-like site the network compares it to the visual database to create immediate protection if unrecognised. The Interlock community is incentivized with tokens ($INTR), when they identify threats and validate trusted pages, always optimising the security platform. The solution’s safety in numbers, combined with a trusted backbone of blockchain technology, brings unprecedented peace of mind for a web browsing future.

Rick Deacon, CEO, Interlock, said: “The threats facing the everyday internet-user, whether browsing from home, work, or on-the-go, has reached pandemic proportions. The risk has grown within investment into cryptocurrency and NFTs. Interlock is a new kind of solution to address a new kind of problem. Our vision is to become an ungated threat intelligence platform that elevates our understanding of cybercrime and strengthens the world’s ability to battle online threats.”

Jamie Burke, CEO of Outlier Ventures, who led a multi-million-dollar investment in Interlock added: “Today nobody knows who or what site they can trust on the Web generally. And sadly, that’s even more true in trustless environments like Web3, with self-custody of assets and people transacting in ever-larger amounts of value, be it crypto or NFTs. It’s evident the only sensible approach for such a p2p environment is a crowd-based approach to monitor and curate web security. This is Interlock.”

By focusing on collaboration as the future of security, Interlock will render the current gatekeepers of security technology obsolete by making valuable threat data widely available, helping stop threats, pre-empt attacks, and empower a global online community with the confidence to transition to Web3.

The post A New Type Of Cybersecurity To Tackle The Surge In NFT And Crypto Scams appeared first on Sunshine Slate.



source https://www.sunshineslate.com/tech/a-new-type-of-cybersecurity-to-tackle-the-surge-in-nft-and-crypto-scams/

Comments

Post a Comment

Popular posts from this blog

How can Energy Audits inform your Net Zero Strategy?

Image
Many organisations are already in the habit of undertaking energy audits to highlight where energy and water efficiencies can be made, save on utility costs, and reduce carbon emissions. Unfortunately, the sad reality of many energy audits and surveys (especially ones that are completed for compliance with ESOS), is that once they are completed, the report is often tucked away into a ‘virtual’ drawer, never to be seen again. But what if there was another use for that forgotten energy audit? Did you know that it could actually be a really useful business tool to help get you started on your net zero journey? To help you harness that data in a practical way, Energy Services Analyst, Rhiannon Farquhar explains what makes energy audits so essential to carbon management and how they can be used to get your business on the path to net zero. So, what are energy audits? To put it simply, an energy audit is an assessment of the energy needs and efficiency of a building (or process), which
Read more

Garden Offices | The Ultimate Work from Home Solution for 2021

Image
The Pros and Cons of Working from Home Working from home was not so long ago considered a perk of the job, however, the much-longed-for 30-second commute, for many of us, has finally become a realisation. Prior to the global pandemic, we would have spent 492 days of our lives commuting to and from work and inevitably, Covid-19 has brought about a catalyst of change. Businesses are now seeing the benefits of reducing costs by giving up office spaces, and with commuting now significantly reduced, one of the biggest winners out of this situation is the environment. With this in mind, there’s no doubt that the “new normal” of home working is, quite clearly, here to stay. The general consensus is that working from home is wholly positive and can provide a better work-life balance. Whilst this is true, there is evidence to suggest that this can be quite the opposite, with staff working later than usual as they battle to “switch-off” when their working day is over. So, what’s the solutio
Read more

Forgiveness Plan Would Remove One-Third of Students’ Loan Debt

Image
About one in three Idahoans who have federal student-loan debt would see it erased entirely if the Biden administration goes forward with a $10,000 forgiveness plan. That’s according to analysis from the website Student Loan Hero . President Joe Biden is considering eliminating the debt through executive order. Andrew Pentis, a senior writer and certified student loan counselor at Student Loan Hero, said the average monthly loan repayment in Idaho is $274. “Whether you have more or less than $10,000 worth of student loans left to repay, this dose of forgiveness would be hugely helpful, in either getting rid of your debt or shrinking it considerably,” said Pentis. “So certainly, if you’re a borrower in Idaho, you’d be rooting for something like this to happen.” The Trump administration paused federal student loan repayments in March 2020 during the pandemic. Biden extended the pause on his first day in office through at least October 1. Some Democrats want the Biden administration
Read more