White Hat Hacker Team SEAL Launches Threat-Sharing Platform for Crypto
White Hat Hacker Team SEAL Launches Threat-Sharing Platform for Crypto
The Security Alliance (SEAL), a crew of white-hat hackers, bolsters its efforts to derive the crypto living by launching SEAL-ISAC, a risk-sharing platform. Since its establishment in 2023, the SEAL crew has recovered over $50 million in stolen resources.
SEAL ISAC: A Collaborative Formula to Crypto Security
On April 17, Paradigm’s white-hat hacker and head of security, Samczsun, announced the start of SEAL-ISAC, the following initiative of the SEAL Org.
SEAL-ISAC is a free platform that is designed to safeguard against cyberattacks and financial crimes by providing considerable security intelligence and facilitating connections with experts.
Nowadays, we’re launching the latest @_SEAL_Org initiative, and it’ll switch crypto security with out a end in sight. It is called SEAL-ISAC, and here is why we need it pic.twitter.com/Ra6Vl3jfd3
— samczsun (@samczsun) April 17, 2024
The platform affords a fluctuate of aspects, together with risk intelligence sharing, analysis, and signals; established most attention-grabbing practices; incident coordination and response protocols; and tutorial resources on rising security threats and mitigation programs.
SEAL ISAC fosters collaboration at some stage within the crypto-cybersecurity community, connecting folk with seasoned experts to focus on rising threats, assault vectors, and effective response programs.
Built on the start-provide Delivery CTI platform, SEAL ISAC is free of value and accessible to centralized and decentralized entities at some stage within the global cryptocurrency ecosystem.
SEAL ISAC integrates seamlessly with diversified SEAL initiatives, such because the SEAL 911 crypto security incident response channel. The SEAL 911 security incident response is a Telegram Messenger channel boasts a crew of roughly 40 white-hat hackers who actively engage with reports of ongoing hacks to provide staunch-time help.
Indispensable participants within the platform encompass members from Chainalysis, the Ethereum Basis, Filecoin Basis, MetaMask, Polygon, Scroll, and Uniswap Labs, with extra strengthen from leaders within the Ethereum, Polkadot, Solana, and diversified ecosystem communities.
Samczsun articulated the need for a centralized repository for risk intelligence at some stage within the crypto living, pointing out, “There are mammoth swaths of risk intel hidden away in non-public messages and neighborhood chats, intel that would abet in getting better funds, tracking down a risk actor, or identifying future victims.”
He extra emphasised the need for a more efficient platform than novel communication channels adore Telegram or Signal, as a consequence of this reality the intention of SEAL-ISAC.
Combating Crypto Cybersecurity Threats: The Origins of SEAL
In February 2024, Samczsun announced SEAL Org, introducing the Security Alliance, a pioneering organization dedicated to addressing crypto cybersecurity threats whereas offering a sanctuary for white-hat hackers.
Having in my belief been in endless scenarios where I asked myself that steady same are looking forward to, I made up my mind it became once at final the time to take care of out something. In Web2, now we have the concept that of “protected harbor” for security researchers, and I needed to stammer that concept to Web3
— samczsun (@samczsun) February 14, 2024
Reflecting on his motivation for launching the initiative, Samczsun defined, “Having in my belief encountered a huge selection of scenarios that demanded motion, I felt compelled to create a difference.”
Impressed by the “protected harbor” concept for security researchers in Web2, Samczsun sought to put a an analogous framework at some stage within the Web3 living.
The muse for SEAL became once laid in September 2023 with the start of SEAL 911, a dedicated hotline for reporting crypto cyber threats. In step with an loyal commentary, SEAL has efficiently recovered over $50 million in resources misplaced to cyberattacks.
Despite the prevalence of crypto-linked hacks in latest years, the industry remains hopeful. The decline in hack losses at some stage in 2023 suggests a attainable upswing for crypto markets.
Since 2016, over $7.7 billion has been stolen in crypto hacks, with the bulk taking place for the length of most important exploits in 2021 and 2022, in step with files from DefiLlama.
Source : cryptonews.com
