by Jimmy Aki
Malware, a persistent thorn in the side of the internet’s wider community, has become an increasing concern for cryptocurrency users. A problem that comes in many forms, malicious software is leveraged by hackers to rob community members of their funds. One program, dubbed the clipboard hijacker, for instance, operates by secretly gaining control of a Windows device’s running memory. It then replaces the Bitcoin address copied into a user’s clipboard with the address of the attacker, leading the user to unwittingly transfers funds to the hacker.
New Jersey–based BlockSafe Technologies is determined to make mobile crypto wallets more secure with a mobile wallet protection app called the CryptoDefender. According to the company, the CryptoDefender mobile app proactively prevents keylogging malware from stealing your cryptocurrency wallet login details.
by Denis Omelchenko
This month, BlockSafe Technologies launched their Securitized Token Offering (STO), enabling investors to purchase BlockSafe’s "BSAFE™" security token - a revenue participation token, paying a passive income to all token holders.
by Steve Sears
George Waller, CEO of Edison-based BlockSafe Technologies, claims that he lives, breathes and eats cybersecurity, blockchain and crypto.
“Cybersecurity,” he stated flat out when asked what his firm does best.
And he was serious.
“When we started analyzing crypto and blockchain, there was no one out there dedicated to solving problems for the entire ecosystem. You had a security company here and there, but no one was looking at the ecosystem as a whole.”
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Wallets are getting hacked by malware that uses "keyloggers" to steal secret keys and capture clipboards so they can change destination addresses. The estimate for unreported user wallet losses are over $350 million.
If your wallet gets hacked, you can’t get your money back. And you can't sue anyone.
Secures all your devices
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.
Clipboard copy protection
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.
Strong Password Generator
This creates strong passwords based on user-defined preferences, and then stores them in the Password Vault for future usage.
Secures the Exchange (coming soon)
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:
Secures the Private Blockchain (coming soon)
Blockchain Defender acts as a gateway between the application and a private blockchain. It examines every message, checks if it is allowed as per enterprise rules & policy, scans the contents of data fields for malware and authenticates transactions via the ProtectID® system. It can also pass the blockchain messages to enterprise systems or other blockchains via appropriate gateways.