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Bitcoin Magazine
2018-10-16 15:58:15

Reshape Blockchain Security With BlockSafe Technologies - [BTC Media Sponsor]

In today’srapidly advancing world of blockchain innovation, it’s no secret that cryptocurrencywallets, exchanges and enterprise platforms are targets for nefarious activity.Underscoring this threat are three notable hacks and accompanying losses forinvestors in recent history: Mt. Gox (650,000 BTC lost), Bitfinex (120,000 BTClost) and DAO Ethereum ($50 million lost). At the epicenterof efforts to thwart the proliferation of these intrusions is BlockSafe Technologies. A U.S. company with headquarters in Edison, New Jersey, BlockSafe is a subsidiary company of StrikeForceTechnologies, Inc., a leading cybersecurity solutions provider for corporations,government agencies and consumers that has been in business over 18 years. According toBlockSafe, most hacks involve wallets compromised by malware, where keyloggersare used to obtain secret codes and clipboard information is used to redirectdestination addresses. Once a wallet has been hacked, getting money returned oreven the prospect of legal recourse has always proven next to impossible. BlockSafeemploys a multipronged approach that locks down the decentralized ecosystemalong the three primary exposure points of wallets, exchanges and privateblockchains. Through a comprehensive set of solutions, BlockSafe provides astable approach for today’s topsy-turvy blockchain ecosystem at its two higheston-ramps of vulnerability: user authentication and interaction. ...