CYBERSECURITY / DEFENSE / INTELLIGENCE

  • The United States is becoming more comfortable giving Ukraine the long-sought weapons.

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  • A new strategy outlines how the Defense Department plans to increase security and strengthen relationships across the industrial base.

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  • The ICBM program is facing a massive cost overrun and program delays.

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  • The service recently announced a major shakeup to prep for war with China.

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  • The service recently announced a major shakeup to prep for war with China.

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  • GoPlus Labs, the leading Web3 security infrastructure provider, has unveiled a groundbreaking report highlighting the growing, widespread use and potential of Web3 user security data to aid in risk management.

    The report’s findings reveal a clear and growing demand for more advanced security tools that can effectively safeguard digital assets, verify the authenticity of nonfungible tokens (NFTs), and monitor decentralized applications for threats.Β 

    The report, “Uncharted Consensus: The Widespread Use and Potential of User Security Data in Web3”, showcases the rapid adoption of GoPlus’s API suite, which provides Web3 industry stakeholders with unparalleled insights into the health and vulnerability of various cryptocurrencies, NFTs and decentralized applications.

    At the same time, it also underscores the unique role GoPlus plays in addressing Web3’s most pressing security challenges.

    GoPlus is the developer of an API suite designed to address the multifaceted challenges of Web3 user security. The suite enables targeted data analysis across key industry aspects.

    Its modules include a Token RIsk API and NFT Risk API that evaluate the risk associated with different cryptocurrencies and non-fungible tokens; a Malicious address API for monitoring and reporting malicious address; a dApp Security API for real-time monitoring and threat detection in decentralized applications; and an Approval API for checking malicious approval of an address.

    The report shows rising demand for better Web3 security solutions. GoPlus revealed that its Token Risk API saw a rapid increase in utilization from November 2023, with some months witnessing peaks of over 20 million calls per day.

    This suggests that the crypto industry is collectively shifting towards pre-emptive risk identification and mitigation, driven by the evolving and intensifying landscape of security threats.Β 

    These increases were mirrored by similar usage spikes in GoPlus’s other API modules. For instance, usage of its NFT API spiked between Dec. 2022 and Feb. 2023 and then several times again between March and May 2023 before stabilizing, followed by a sustained period of much steadier growth.

    These usage trends mirror the growing adoption of NFTs and the corresponding need for tools to assess the risks associated with these digital assets.

    Evolving Threat Landscape

    A closer analysis of the API usage data illustrated a significant fluctuation in the presence of “high-risk” tokens, reflecting a threat landscape that’s just as volatile as the crypto industry itself.

    The majority of these high-risk tokens were identified as being either “blacklisted” or “honeypots”. However, many other kinds of threats were identified, illustrating the evolving tactics used by hackers and scammers in the industry. The report also found an exponential increase in threats associated with NFTs, such as privileged operations (burn and minting), restricted approvals, self-destruct mechanisms, and unauthorized transfers.

    The threat-related insights demonstrate the need for Web3 projects to employ more dynamic, robust, and adaptable security strategies and countermeasures to deal with the evolving threat landscape. They also highlight the need for education and collaboration to increase awareness of these threats and find better ways to mitigate them.

    Top Ecosystems & Threats

    The comprehensive study also highlighted the differing levels of user engagement and security concerns across blockchains, providing perspective on the unique challenges and risks faced by each ecosystem. 

    BNB Chain emerged as the most prominent user of GoPlus’s APIs, being queried more than 92.7 million times during the research period. This reflects Binance’s laudable achievement in fostering a large community that’s united in its determination to identify and proactively mitigate security risks such as token vulnerabilities and scams.

    Ethereum was the second-most popular chain to leverage GoPlus, with users querying its APIs 84 million times, highlighting both the extent of its user base and its vigilance against vulnerabilities and scams. Meanwhile, Polygon also stood out with almost 9.8 million queries during the period. This high level of adoption in the much smaller Polygon community illustrates the strong emphasis it places on scaling security solutions for the Web3 industry. 

    Other insights from the report include the top ten token risks faced by the crypto industry today, with further analysis uncovering ten tokens with characteristics that mark them out as being “particularly malicious”, and also the top ten NFT collections that could be perceived as risky, due to their close association with phishing scams.  

    The Importance Of User Security Insights

    The GoPlus report provides valuable insights into aspects such as user engagement, preferences and the nature of the evolving threats in Web3, which can be essential for stakeholders to make more informed decisions and mitigate the risks they face. 

    Perhaps the most significant finding is that the report underlines the critical importance Web3 security data can play in helping the industry to address the evolving risk landscape. As the Web3 ecosystem grows and evolves, the need for comprehensive security data will become all the more vital, helping dApp developers protect their users, while educating users on how to protect themselves.  

    About GoPlus Labs

    GoPlus Labs is revolutionizing Web3 security by offering a transparent, User Security Network with permissionless security data. It provides User Security Module as a Service to any blockchain, utilizing advanced AI for comprehensive threat detection.

    Notably, its security data infrastructure has seen a massive usage increase, the user security data usage has grown 5000x from 2022 to now, with daily data API calls 21M.

    SecwareX, launched in March 2024, quickly gained significant traction, showcasing high user trust. Within its first two weeks, it attracted over 400,000 users, including more than 30,000 premium (paid) users, highlighting its immediate impact and user trust.

    GoPlus enhances Web3 user security through broad support for over 20 chains, collaboration with RaaS and Layer2 partners like Altlayer, zkSync, and Manta, and the introduction of innovative products like the “Secscan” security engine and Secware Middleware. These advancements facilitate a more open data and computing layer, moving towards gradual decentralization.

    GoPlus enhances Web3 user security and promotes decentralization by motivating user participation with its token system. The GoPlus Token will act as a “gas fee,” necessary to reinforce the user security network and expand its utility. Moreover, it encourages users to become SecWare Service Providers, Data Providers, and Computing Node Providers. By contributing to the network, these participants can earn GoPlus Tokens.

    Contact
    Dasi Kaplan
    pr@marketacross.com

    The post GoPlus’s Latest Report Highlights How Blockchain Communities Are Leveraging Critical API Security Data To Mitigate Web3 Threats appeared first on GBHackers on Security | #1 Globally Trusted Cyber Security News Platform.

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  • A Linux version of a multi-platform backdoor called DinodasRAT has been detected in the wild targeting China, Taiwan, Turkey, and Uzbekistan, new findings from Kaspersky reveal. DinodasRAT, also known as XDealer, is a C++-based malware that offers the ability to harvest a wide range of sensitive data from compromised hosts. In October 2023, Slovak cybersecurity firm ESET&nbsp

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  • The Police of Finland (aka Poliisi) has formally accused a Chinese nation-state actor tracked as APT31 for orchestrating a cyber attack targeting the country’s Parliament in 2020. The intrusion, per the authorities, is said to have occurred between fall 2020 and early 2021. The agency described the ongoing criminal probe as both demanding and time-consuming, involving extensive analysis of a ”

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  • In 2023, C2A Security added multiple OEMs and Tier 1s to its portfolio of customers, successful evaluations, and partnerships such as BMW Group, Daimler Truck AG, Marelli, NTT Data, Siemens, and Valeo, among others.

    C2A Security’s DevSecOps Platform, β€˜EVSec’, has gained widespread traction as the automotive industry strives to meet cybersecurity regulations and industry standards, such as UN Regulation No. 155, ISO/SAE 21434, Chinese GB Standards, and others.

    2024 is a pivotal year for cybersecurity regulations in the automotive industry, as UN Regulation No. 155 goes into full effect. C2A Security’s EVSec risk-driven product security platform allows developers to focus on creative features and manage software and operations at scale, in an automated manner.

    EVSec automates archaic manual processes and enables cross-functional sharing and collaboration between teams, customers, and supply chains while offering full digital twin capabilities. EVSec applies continuous feedback from product operations and vulnerabilities to improve development and design, as part of agile software development.

    In 2023, C2A Security added multiple OEMs and Tier 1s to its portfolio of customers, successful evaluations, and partnerships such as Daimler Truck AG, BMW Group, Marelli, NTT Data, Siemens, and Valeo, among others.

    The collaboration with C2A Security supports the customers on the applicable standards and best practices for regulatory compliance.

    EVSec maps and automates the relevant standards and regulations, like ISO/SAE 21434 and UN Regulation No. 155, to simplify compliance efforts, which are essential to business success, as companies forge new grounds for their vehicles, develop innovative EV-powered vehicles, and plan for the EV infrastructure that supports them.

    β€œWe’re thrilled that EVSec has proven so popular and effective, as companies like Daimler Truck AG choose it as its product security platform.

    Dealing with current and emerging regulatory demands, software development at scale and overall product security operations can be a limitation on the business continuity of a company if not automated,” notedΒ Roy Fridman, CEO, C2A Security. β€œAt the end of 2023, we witnessed the first case of a premium car maker that stopped the sale of their most popular model in the European Union because it failed to comply with the regulation.

    To stay competitive, companies must utilize advanced product security automation in their development and operations and we are excited to support them in achieving this goal.”

    About C2A Security

    C2A Security is the only risk-driven DevSecOps Platform vendor that addresses the specific needs of car makers, Tier 1 suppliers, and mobility companies. Founded in 2016, C2A Security’s customers and technology partners include top-tier global players including Daimler Truck AG, BMW Group, Siemens, Valeo, ThunderSoft, Marelli, NTT Data, and Evvo Labs, among others.

    C2A Security transforms cybersecurity from being a company-wide limitation to a business value multiplier through advanced security automation and compliance to shorten software release times and decrease costs.

    Our vision is to turn product security into a seamless, automated, and transparent process, reducing time to deployment and costs of managing automotive software products and resources. C2A Security was founded by NDS/Cisco veteran Michael Dick, with its global headquarters in Jerusalem, Israel.Β www.c2a-sec.com.

    The post C2A Security’s EVSec Risk Management and Automation Platform Gains Automotive Industry Favor as Companies Pursue Regulatory Compliance appeared first on GBHackers on Security | #1 Globally Trusted Cyber Security News Platform.

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