James Quilty’s Post

Fireblocks expands DeFi suite with threat detection features: Fireblocks introduced new security features to its DeFi suite: dApp Protection and Transaction Simulation. As the DeFi sector experiences unprecedented growth, the need for proactive security measures has never been more critical. With attackers taking advantage of DeFi’s technical and opaque characteristics, Fireblocks’ new security features aim to empower institutional firms with real-time threat detection, clear insights into contract calls, and preventative measures against malicious activities. Navigating the surge in DeFi: Innovations, adoptions, and security … More → The post Fireblocks expands DeFi suite with threat detection features appeared first on Help Net Security. @Poseidon-US #HelpNetSecurity #Cybersecurity

After months of hard work, I'm thrilled to announce that Fireblocks' latest security features - dApp protection & Transaction Simulation - Will safeguard over 1,800 of the world's leading organizations! As a Product Manager leading the Threat Protection products at Fireblocks, I truly believe our new features redefine how institutions interact with On-chain, DeFi, or Web3 landscape. Providing our users with visibility and clarity about their actions, in an easy-to-understand way, was at the core of our design, building a shield against the evolving on-chain cyber threats. I couldn't be prouder of the team's achievement, Kudos to you all! Shahar Madar Matan Dadon Muhamad Najjar Ido Barak Guy Hamburger Don Neumark Rami Martinov Yotam Gezer Noa Farbman Liron Netzer Matan Nevo Truly Excited for what lies ahead as we continue to set the standard for safely navigating the DeFi landscape! -- Visit Fireblocks' blog below to learn more about the feature's capabilities

Fireblocks expands DeFi suite with threat detection features: Fireblocks introduced new security features to its DeFi suite: dApp Protection and Transaction Simulation. As the DeFi sector experiences unprecedented growth, the need for proactive security measures has never been more critical. With attackers taking advantage of DeFi’s technical and opaque characteristics, Fireblocks’ new security features aim to empower institutional firms with real-time threat detection, clear insights into contract calls, and preventative measures against malicious activities. Navigating the surge in DeFi: Innovations, adoptions, and security … More → The post Fireblocks expands DeFi suite with threat detection features appeared first on Help Net Security.

I’m proud to announce the newest additions to Fireblocks’ DeFi suite: dApp Protection and Transaction Simulation. These enhancements are engineered to fortify your on-chain operations against advanced DeFi threats by offering: ✅ Advanced real-time threat detection, alerting users to potentially suspicious smart contracts, phishing websites, and compromised dApps. ✅ Detailed simulation of token balance changes, providing granular insight before you execute a smart contract. Enhance your security posture in the evolving landscape of DeFi. Learn how these critical tools can safeguard your digital assets and streamline your operations → https://lnkd.in/dWE_c4Qj Last but not least, I want to thank the amazing team for making this product a reality Alon Grosglik, Muhamad Najjar, Or Ben-Yossef, Guy Hamburger, Don Neumark, Rami Martinov, Ido Barak, Liron Netzer, Matan Nevo, Yotam Gezer, Noa Farbman, and Matan Dadon 👑

The Future of Hacker-Proof Web3, a groundbreaking #web3 #security Innovation by BlockSec !! 2023 marked a significant shift in the Web3 security landscape with the introduction of Phalcon Block by BlockSec. This automated attack-blocking system is set to revolutionize how we combat hackers in the Web3 landscape. Ensuring security for #defi protocols is a multifaceted task. From initial contract auditing and testing to deployment, security remains a paramount concern. However, the real challenge begins post-deployment – maintaining continuous monitoring, blocking attacks, and responding promptly to incidents. Phalcon Block offers a comprehensive solution, integrating protocol monitoring, attack prevention, and incident response. With two years of refinement and real-world application, BlockSec's system has successfully averted numerous hacks, safeguarding $14 million in digital assets. Its precision and extensive coverage stand as a first in the industry. Yajin Zhou, BlockSec's co-founder and CEO, asserts that Phalcon Block is set to redefine Web3 security. It promises to block almost all external attacks, a result of two years of dedicated development. In 2023 alone, hacker attacks have led to losses of $1.4 billion. Projects, both established and emerging, have fallen prey to such attacks. Phalcon Block's arrival is expected to change the course of these threats. 📌 Who Stands to Benefit? Phalcon Block is a boon for various stakeholders in the Web3 space. From protocol developers concerned about securing TVL and DAO treasury funds to liquidity providers seeking efficient asset withdrawal during attacks. Even fund managers and exchanges stand to gain from its capabilities. Despite the existence of alert intelligence systems, institutions continue to suffer losses. Two main reasons are POOE ACCURACY and SLOW MANUAL RESPONSE. Phalcon Block's automated system addresses these gaps effectively. 📌 Phalcon Block's Core Features ✅ Precise attack detection: Its engine scans pending and on-chain transactions, ensuring minimal false alarms and missed threats. ✅ Automatic attack blocking: The system preemptively blocks attacks, negating the need for manual intervention. ✅ Configurable response mechanism: Users can tailor response measures according to the type and impact of attacks, utilizing suggested templates and strategies. Phalcon Block isn't just another security tool. Its launch is not just a milestone for the company but a significant advancement for the entire #web3community . For a deeper understanding of Phalcon Block and its services, visit BlockSec's Website: www.phalcon.xyz Twitter: https://lnkd.in/dUBPVTRm

🔰 The recent OKX DEX hack raises critical questions about the state of DeFi security in 2023. Our new blog, "Unmasking the Malicious OKX DEX Upgrade," goes beyond the headlines. We analyze the vulnerabilities, recommend concrete cybersecurity protocol changes, and offer insights for a more secure future. #Web3Security #Web3 #Ethereum #Solidity #Crypto  #Cryptosecurity  #bugbounty #web3security #smartcontracts #smartcontractsecurity #Olympix https://lnkd.in/gityUqYB

Fantastic work by Shahar Madar and Fireblocks' Security Products team. As regulators and industry grapple with how to address threats and vulnerabilities unique to the crypto ecosystem (e.g., phishing, malicious smart contracts), I suspect these embedded controls will emerge as an industry standard. See below for more information, and consider against existing requirements in place such as NYDFS' Guidance on Prevention of Market Manipulation and Other Wrongful Activity (published 6+ years ago). 

Seamless security in a hybrid world. Embrace the power of Hybrid and Multi-Cloud Security for a fortified digital future. 🌐🔒 𝐋𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞: https://lnkd.in/eJkQv_UA #SecureTech #CyberSafe #InfoSec #DigitalDefense #SafeAndSecure #ProtectYourData #CyberSecurity #SecureInnovation #HybridCloud #MultiCloudSecurity #Silicon_Computing

I highly recommend diving into our CTO Luis Rodriguez's insightful analysis on the recent Ledger attack. 🌐 🔍 Explore "THE LEDGER ATTACK: DRAINING HARDWARE CRYPTOWALLETS" Luis meticulously dissects this cybersecurity incident, shedding light on the spear-phishing tactics that caused a ripple in the crypto world. 📊 👉 Read the in-depth article here: https://lnkd.in/eDkMwy8j #AppSec #SoftwareSupplyChainSecurity #DevSecOps #Cybersecurity #DevOps #ASPM #Infosec #SecDevOps #SoftwareSupplyChain #IT

🔒 "The Ledger Attack: draining hardware cryptowallets". Security Insight from Luis Rodríguez, CTO & Co-Founder at Xygeni. Analyzing the Ledger attack, a spear-phishing incident leading to a #SoftwareSupplyChainAttack on Ledger's Connect Kit tool. Discover the impact, response, and crucial lessons learned. Read the full analysis by Luis Rodriguez at https://lnkd.in/duAzzUU4 #Cybersecurity #DataProtection #LedgerAttack #AppSec #SoftwareSupplyChainSecurity #DevSecOps #DevOps #ASPM #Infosec #SecDevOps #SoftwareSupplyChain #CyberAttack