CryptoArmor and Elementus Partnership Enhances Cyber Security
Elementus’ data intelligence with CryptoArmor’s blockchain cybersecurity-as-a-service enables web3 enterprises to take a proactive approach to risk management.
Elementus, a web3 company whose blockchain data intelligence platform helps forward-thinking, data-driven organizations of all sizes harness the power of blockchain announced a partnership with CryptoArmor, a cybersecurity-as-a-service solution for web3 and crypto businesses. The combination of Elementus’ and CryptoArmor’s solutions will provide customers with one of the most powerful blockchain security solutions available, enabling web3 businesses to take a proactive approach to risk management amid high levels of cryptocrime. Crypto hacks in 2022 have totaled billions of dollars, with three of the most notable – Ronin Network, Wormhole Bridge, and Nomad Bridge – totaling over $1 billion.
“We are excited to announce our partnership with CryptoArmor, which brings together two powerful technologies that enable web3 enterprises to confidently execute their blockchain strategies with even more comprehensive and secure services,” said Max Galka, CEO of Elementus. “As cryptocrime continues to flourish, our partnership gives blockchain companies the tools to take a proactive approach to security through retained services from CryptoArmor and best-in-class data intelligence from Elementus.”
CryptoArmor specializes in crypto cyber security protection for crypto businesses and operations, securing crypto mining, blockchain, web3, NFT projects, wallets, exchanges and more. Its advanced cybersecurity platform is the end-to-end cybersecurity solution for businesses leveraging blockchain technologies and services, providing unmatched protection for their assets and their customers. CryptoArmor’s services include one of the industry’s first crypto runtime protection software, an intrusion detection system built to prevent ransomware and advanced attacks targeting the crypto and blockchain industries. CryptoArmor provides cyber security services for incident response, as well as security architecture design, security application building and advanced penetration testing. CryptoArmor offers an all-source intelligence approach to national security risks and threats, drawing on OSINT, HUMINT, commercial datasets, big data analytics tools and, now through its partnership with Elementus, blockchain and cryptocurrency analytics.
Marketing Technology News: NP Digital Launches 2023 Marketing Spend Report
“As the crypto industry continues to mature and expand, businesses are facing increased threats from all angles and require the right combination of risk management and data intelligence tools to protect their business and customers,” said Brendon Kelley, co-founder of CryptoArmor. “The combination of CryptoArmor’s cybersecurity-as-a-service offering and Elementus’ unprecedented level of on-chain attribution data brings enterprises to one of the most powerful blockchain security solutions available and gives them the latest tools to build a proactive approach to risk management. “
Elementus’ blockchain intelligence platform is used by financial institutions to build the future of finance and commerce based on blockchain and digital currencies, and by central US government to solve some of the most high-profile ransomware investigations. The company was recently selected by the Unsecured Creditors’ Committee of Celsius Network to conduct a forensic investigation. The platform – enabling the investigation of supply chain activities, identifying risks and discovering valuable market intelligence – provides the most complete data set and sophisticated tagging/attribution capabilities on the market, resulting in the actionable insights businesses need to grow and prosper confidently in a web3 world. Elementus’ data-first core and proprietary algorithms give it a complete view of money flow at the most granular level, empowering financial services and crypto exchanges to use blockchain data strategically with the highest degree of confidence.
Together, Elementus and CryptoArmor help blockchain businesses:
Threat Detection – Elementus’ unique on-chain attribution data and CryptoArmor’s XDR product help detect threats from bad actors and respond in real-time, delivering a powerful, multi-layered web3 security solution to the blockchain market.
Security for web3 development – CryptoArmor’s smart contract vulnerability detection and remediation solution combined with Elementus’ blockchain data and analytics offers a powerful, proactive approach to smart contract code security that uses security intelligence and vulnerability data to ensure all code vulnerabilities are identified and resolved before they go into production.
About Elementus
Elementus is on a mission to help forward-thinking, data-driven organizations of all sizes harness the power of blockchain. We believe democratization of blockchain data and technology is key to spawning new innovations that transform industries and lives. Whether you’re interested in investigating chain activities, identifying risk, discovering valuable market intelligence or a combination of all three, Elementus’ blockchain intelligence platform provides the most complete data set and sophisticated tagging/attribution capabilities on the market, resulting in actionable insights you must grow and flourish safely in a web3 world. The company is backed by ParaFi Capital, Velvet Sea Ventures, Pomp Investments, Morgan Creek Digital Assets, Avon Ventures, Lightspeed Venture Partners, Gemini Frontier Fund and Blockchain.com.
Marketing Technology News: MarTech Interview with Michael Luckhoo, Co-Founder, Cirus Foundation
