Since its founding in 2023, the Security Alliance has achieved significant success by protecting $50 million in assets. Now it is coming out with a new weapon against threats in the crypto space.
What does the new application cover?
The white hat hacker group called Security Alliance (SEAL ) has achieved significant success since its inception, protecting $50 million in assets. Now it is bringing a new dimension to the fight in the crypto space. Announced on April 17, SEAL-ISAC is a platform that will protect against cyberattacks and financial crimes by building connections with security intelligence and experts. Highlights of the platform include information sharing, threat analysis, best practices and incident response.
Key crypto organizations such as the Ethereum Foundation, Polygon, Uniswap Labs, Chainalysis and MetaMask are supporting the platform as early participants. SEAL-ISAC is built on the open source Open Cyber Threat Intelligence Platform (Open CTI). Accordingly, it supports decentralized assets with this center. Samczsun, SEAL team member and head of security at Paradigm, notes that hacks are becoming increasingly sophisticated. This is forcing hackers to tackle more challenging problems.
Crypto hacking losses down 51% in 2023
SEAL-ISAC is integrated with SEAL’s other initiatives. This integration includes a Telegram messaging channel where cyberattack reports can be shared in real time. Crypto markets are poised for a new period of growth after a decline in hacking losses. According to DefiLlama data, more than $7.7 billion has been withdrawn through hacks since 2016.
The white hat hacker group SEAL is ushering in a new era. However, SEAL-ISAC, established by the Security Alliance, seems to be an important shield against cyber attacks. SEAL-ISAC is not only in the fight against threats in the crypto space. It also has the mission of being a center for information sharing and cooperation. The platform aims to promote effective communication and cooperation between experts and organizations that come together to ensure the security of the crypto community.
Are security measures enough?
This new initiative is just one of many important steps to improve the security of the crypto sector. In the face of ever-increasing complexity and diversifying threats, such innovative solutions are crucial. The SEAL team closely follows developments in the crypto space. And is constantly developing measures to counter new threats. In this way, they aim to create an effective line of defense to ensure the security of users and organizations.
According to Kriotokoin.com, the crypto community is moving towards a safer future thanks to initiatives like SEAL-ISAC. However, these efforts need to continue and be constantly updated. Therefore, it is important that all stakeholders work collaboratively and always prioritize security.
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