Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home Uncategorized A NEW TYPE OF CYBERSECURITY TO TACKLE THE SURGE IN NFT AND CRYPTO SCAMS

A NEW TYPE OF CYBERSECURITY TO TACKLE THE SURGE IN NFT AND CRYPTO SCAMS

by Uma
0 comments

INTERLOCK INTRODUCES A NEW TYPE OF CYBERSECURITY TO TACKLE THE SURGE IN NFT AND CRYPTO SCAMS

• Smarter and safer solution addresses huge increase of crypto and NFT theft and scams
• Detects and protects from impersonation sites and malicious links in real time using Visual AI
• Users rewarded for sharing anonymized browsing threats

LONDON – 13 April 2022 – Interlock, a next-generation cybersecurity company, today introduces its blockchain-based security solution set to change the face of cybersecurity. The new technology has been created to address the surge of cryptocurrency and NFT threats that have risen sharply in recent times. Between 2020 and 2021 alone, cryptocurrency theft rose 516% to a value of $3.2 billion, with a reported average loss of $1,900 per person.

The speed at which today’s technology is moving has meant that the security and testing normally in place have not had time to adapt. As the adoption of NFTs and crypto wallets gain popularity, a window for new, sophisticated, and malicious attacks has opened.

Interlock offers a fresh solution that leverages blockchain technology, ushering in a new era of smarter, safer, and more collaborative online security. The first Interlock product is a browser extension that provides instant protection from browser-based threats like impersonation sites and malicious links while rewarding users for sharing anonymized browsing data. Users can install the bowser extension in just 2 clicks, and then browse the web as normal. When they come across malicious sites or click on dangerous links, they are detected and blocked, in real time, keeping people protected. You can sign up now at https://www.interlock.network/.

To detect the malicious sites, Interlock uses Visual AI, scanning over 100 million websites, 67 billion pages and 12.20 trillion links for visual look and feel. When people visit a look-a-like site the network compares it to the visual database to create immediate protection if unrecognised. The Interlock community is incentivized with tokens ($INTR), when they identify threats and validate trusted pages, always optimising the security platform. The solution’s safety in numbers, combined with a trusted backbone of blockchain technology, brings unprecedented peace of mind for a web browsing future.

Rick Deacon, CEO, Interlock, said: “The threats facing the everyday internet-user, whether browsing from home, work, or on-the-go, has reached pandemic proportions. The risk has grown within investment into cryptocurrency and NFTs. Interlock is a new kind of solution to address a new kind of problem. Our vision is to become an ungated threat intelligence platform that elevates our understanding of cybercrime and strengthens the world’s ability to battle online threats.”

Jamie Burke, CEO of Outlier Ventures, who led a multi-million-dollar investment in Interlock added: “Today nobody knows who or what site they can trust on the Web generally. And sadly, that’s even more true in trustless environments like Web3, with self-custody of assets and people transacting in ever-larger amounts of value, be it crypto or NFTs. It’s evident the only sensible approach for such a p2p environment is a crowd-based approach to monitor and curate web security. This is Interlock.”

By focusing on collaboration as the future of security, Interlock will render the current gatekeepers of security technology obsolete by making valuable threat data widely available, helping stop threats, pre-empt attacks, and empower a global online community with the confidence to transition to Web3.

Recent Post