Security Alliance launches crypto threat-sharing platform
Since its inception in 2023, SEAL has reported recovering $50 million in assets.
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Security Alliance (SEAL), a collective of white hat hackers and information security researchers, have announced the launch of a free Information Sharing and Analysis Center (ISAC).
The platform has been named as SEAL-ISAC and is purpose-built for the crypto industry and was designed to pool resources on current threats and vulnerabilities that may be targeting the industry.
The platform was built on top of the open-source Open Cyber Threat Intelligence Platform (Open CTI). The resources from this platform provides information security professionals working in the crypto industry with threat analysis and alerts, information sharing, incident coordination and response, as well as educational resources on crypto security best practices.
Since its inception in 2023, SEAL has recovered at least $50 million in assets. SEAL is backed by major crypto protocols and organizations including Chainalysis, MetaMask, Uniswap Labs, Polygon, and the Ethereum Foundation, among other early participants to the initiative.
Notably, the platform supports both centralized and decentralized crypto entities.
“Things are getting harder, but it’s a good sign we are forcing the hackers to solve more and more complicated problems,” said Samczsun, head of security at Paradigm.
The ISAC integrates with SEAL’s other initiatives, such as SEAL 911, a crypto security incident response Telegram messenger channel where a team of roughly 40 white hat hackers can pick up reports of hacks in progress and assist in real time.
Aggregated data from DeFiLllama indicates that over $7.7 billion has been stolen in crypto hacks since 2016, with the majority of losses occurring during major exploits in 2021 and 2022. However, as crypto markets appear poised to enter another bull cycle, there has been a decline in hack losses in 2023.
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