Securing the Blockchain Ecosystem: Wallets, Exchanges and Permissioned Blockchains
The Blockchain Ecosystem is under attack – $1.2 billion stolen since 2017
Wallets are getting hacked by malware using keyloggers to steal secret keys and clipboard capture to change destination addresses. The estimate for unreported user wallet losses are over $350 million. If your wallet gets hacked, you can’t get the money back nor can you sue anyone.
CryptoDefender™ comes with 2 versions, one for desktop and one for mobile, to secure your devices from Keystroke Encryption, Anti-Clickjacking, Anti-screen capture, and many more.
ExchangeDefender™ comprises 2 products to protect the internal systems of the crypto exchange, CryptoDefender™ and ProtectID®™ which protects the exchange’s computers and mobile devices.
BlockchainDefender™ acts as a gateway between the application and a private blockchain. Scans the contents of data fields for malware and authenticates transactions via the ProtectID®.
Prevents malware from spying on what you type. The keystrokes are secured between the kernel and the wallet application using military grade encryption. Now, the password you enter to logon or decrypt your secret key is safe.
Prevents malware from monitoring the clipboard to spy on, copy and paste the contents of the clipboard. So the destination address to which a crypto transaction is sent to is not modified.
Prevents screen-scraping malware from taking screenshots of information surreptitiously.
Displays hidden frames or frames originating from a potentially malicious domain. This neutralizes one of the favorite tricks of the hackers to download malware onto your computer.
Prevents the OS and malware from logging your keystrokes. All keystrokes entered in the custom keyboard are encrypted. Now, the password you enter to logon or decrypt your secret key is safe.
Is a custom, secure locked-down browser that prevents the storage of cookies and other malware artifacts. The secure browser is recreated for every session. Now, you can safely access your online wallet or exchange.
Enables the AES-256 encrypted storage of passwords, keys and data. Access to the vault can be secured via fingerprint. The Secure Browser can be launched from within the vault.
This creates strong passwords based on user-defined preferences, and then stores them in the Password Vault for future usage.
Crypto exchanges have hot wallets and cold wallets. The wallets store user secret keys as well as the exchange’s secret keys. Most of the keys are stored offline in vaults (cold wallet). A portion of the keys are stored on servers connected to the internet (hot wallet) to facilitate transactions. These servers are susceptible to a data breach just like any other hacker attack.
Exchange Defender comprises two products to protect the internal systems of the crypto exchange. These are – CryptoDefender™ and ProtectID®™ protects the exchange’s computers and mobile devices from keylogging, screen capture and clickjack attacks. ProtectID® secures access to the internal systems via two factor out-of-band authentication.
Authentication methods include:
With its Suite of Cybersecurity Solutions, BlockSafe Technologies Protects Crypto Wallets, Exchanges, and Private Blockchains
Source: CardRates.com | November 22, 2019
