The IT security company Check Point Software and cryptocurrency platform Cardano announce a groundbreaking partnership to develop and deliver a comprehensive blockchain security solution that addresses security threats in real time.
Blockchain technology has gained a growing foothold through several different activities, but The Bybit attack in February, which resulted in the theft of $1.5 billion, highlights the challenges facing the technology and what is preventing large-scale establishment. Cyber threats and attacks within Web3 – which represents the next generation of the internet where decentralization and blockchain technology are in focus – have escalated recently, with cybercriminals exploiting the vulnerabilities that exist in, among other things, digital wallets and decentralized platforms. In 2024 alone, cybercriminals recover more than $2.2 billion from blockchains, marking a 21 percent increase in stolen assets compared to the same period last year.
The increasing use of blockchain technology highlights the urgent need for improved security measures. Despite the growth, security concerns remain the biggest obstacle for companies looking to fully integrate the technology. To meet the pressing need, Cardano ecosystem integrated with Checkpoints security solutions, which provides a proactive approach with features that can detect and prevent threats and attacks in real time.
– The cooperation between Check Point and Cardano is ready to drive broad adoption of blockchain technology by addressing the biggest obstacle right now, which is security, says Fredrik Sandström, security expert at Check Point SoftwareBy providing a comprehensive security solution that can detect and prevent threats in real time, we create trust in technology at companies and activities.
Read more on Check Point's blog: https://blog.checkpoint.com/crypto/check-point-real-time-threat-prevention-solves-web3-and-blockchain-security-concerns/
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