Elementus partners with CryptoArmor to provide extended protection to blockchain businesses

Elementus’ data intelligence with CryptoArmor’s blockchain cybersecurity-as-a-service enables web3 enterprises to take a proactive approach to risk management amidst high levels of crypto crime

NEW YORK, 15 December 2022 /PRNewswire/ — Elementus – a web3 company whose blockchain data intelligence platform helps forward-thinking, data-driven organizations of all sizes harness the power of blockchain – today announced a partnership with CryptoArmora 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 amidst high levels of crypto crime. Crypto hacks in 2022 have amounted to billions of dollars, with three of the most notable – Ronin Network, Wormhole Bridge and Nomad Bridge – totaling over 1 billion dollars.

“We are pleased to announce our partnership with CryptoArmor, which brings together two powerful technologies that enable web3 businesses to confidently execute their blockchain strategies with even more comprehensive and secure services,” said Max Galka, CEO of Elementus. “As crypto crime 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, insurance 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 crypto and the blockchain industry. 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 analyses.

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“As crypto As the industry continues to mature and expand, businesses face 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 gives enterprises one of the most powerful blockchain security solutions available and provides them with 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 the Celsius Network to conduct a forensic investigation. The platform – which enables the investigation of supply chain activities, identification of risk and discovery of 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 the flow of funds at the most detailed level, empowering financial services and crypto exchange 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 Elementu’s 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 addressed before they are resolved. put 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. For more information, visit elements.io.

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About CryptoArmor

CryptoArmor is a cybersecurity software company that helps protect web3 and blockchain businesses. CryptoArmor also offers blockchain Cybersecurity-as-a-Service that builds proactive security strategies to keep business and customer data safe, as well as incident response capabilities to help organizations experiencing ongoing attacks. CryptoArmor’s threat protection software helps monitor, detect and prevent hacks with real-time intelligent threat detection for web3 security events. CryptoArmor is headquartered in Austin, Texas. Request a connection inside CryptoArmor by sending an email to: [email protected]

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SOURCE Elementus