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Kaspersky Lab rolls out services to protect blockchain and crypto businesses from cyberattacks and fraud

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Fri, 03 May 2019, 03:36 am UTC

Cybersecurity giant Kaspersky Lab has launched new service packages for crypto and blockchain businesses to protect them from cyberattacks and fraud.

With the proliferation of blockchain and crypto-focused businesses, cybersecurity risks are also on the rise. In the past two years, Kaspersky Lab said that its experts have identified a number of such risks and threats such as phishing copies of a popular ICO website, targeted attacks on crypto exchanges, and adware intended to steal cryptocurrency, among others.

To help blockchain and crypto businesses overcome these challenges, Kaspersky Lab has launched new service packages. The services specially targeted at token offering projects include:

  • Smart Contract Code Review, which identifies flaws and undeclared features, as well as finds discrepancies between stated in the supporting documentations and smart-contract business logic.
  • Application Security Assessment, which helps a startup team analyze the state of security of applications developed by a startup.

Kaspersky Lab is also offering a tailored service pack to provide a high level of protection for crypto exchanges, which includes:

  • Application Security Assessment to help owners of crypto exchanges detect critical bugs and address them before they cause damage.
  • Penetration Testing to help crypto exchanges identify weak spots in their systems and to ensure that hackers won’t penetrate them easily.
  • User Account Takeover Prevention to detect attempts from criminals to get access to user wallets.

Kaspersky Lab Blockchain Security services also include ‘Phishing Protection’ which will provide alerts when fake copies of crypto exchanges and ICOs are generated, ‘Incident Response’ service and ‘Cybersecurity Awareness’ training to improve the overall level of cybersecurity hygiene, helping the companies protect themselves against social engineering attacks.

For crypto exchanges with basic cybersecurity measures, Kaspersky Lab provides additional enhancements – identifying potentially fraudulent blockchain transactions to prevent money laundering, and automatically identify and respond to targeted attacks. For crypto exchanges that have an internal Security Operation Center, it offers Threat Data Feeds and information security training and awareness programs for security operation teams to enhance their forensic and detection capabilities.

“We see a growing demand for cybersecurity from blockchain startups that are looking for both protection from cyberthreats and additional evidence that they can be trusted by investors. That’s what we’re helping them to achieve with our new offering,” Vitaly Mzokov, Head of Verification, at Kaspersky Lab, said.

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