The Security Alliance has achieved significant success, protecting $50 million in assets since its founding in 2023. Now it is on the scene 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 founding, protecting $50 million in assets. Now it brings a new dimension to the fight in the crypto field. Announced April 17, SEAL-ISAC is a platform to protect against cyber attacks and financial crimes by providing security intelligence and connections with experts. The prominent features of the platform include information sharing, threat analysis, determination of best practices and incident response.
Important crypto organizations such as Ethereum Foundation, Polygon, Uniswap Labs, Chainalysis and MetaMask support 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, a SEAL team member and head of security at Paradigm, notes that hacks are becoming increasingly sophisticated. This forces hackers to tackle more challenging problems.
Crypto hack losses reduced by 51% in 2023
SEAL-ISAC works integrated with SEAL’s other initiatives. This integration offers a Telegram messaging channel where cyber attack reports can be shared in real time. Crypto markets are preparing for a new period of growth following the decrease in hacking losses. According to DefiLlama data, more than $7.7 billion has been withdrawn through hacks since 2016.
White hat hacker group SEAL is starting a new era in this field. 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 carries the mission of being a center for information sharing and cooperation. The platform aims to foster effective communication and collaboration between experts and organizations who come together to ensure the security of the crypto community.
Are the security measures taken sufficient?
This new initiative is just one of the important steps taken to improve the security of the crypto industry. In the face of increasingly complex and diversified threats, such innovative solutions are of great importance. The SEAL team follows developments in the crypto space closely. And it is constantly developing countermeasures against new threats. In this way, they aim to create an effective line of defense to ensure the security of users and organizations.
According to our Kriotokoin.com news, the Crypto community is moving towards a safer future thanks to initiatives such as SEAL-ISAC. However, these efforts need to continue and be constantly updated. Therefore, it is important for all stakeholders to work collaboratively and always consider security as a priority.
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