Elementus — a web3 company whose blockchain data intelligence platform helps forward thinking, data-driven organizations of all sizes to leverage 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 amidst elevated levels of crypto crime. 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.
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“We are excited 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 provides blockchain businesses with the tools to take a proactive approach to security through retained services of CryptoArmor and best-in-class data intelligence from Elementus.”
CryptoArmor specializes in crypto cybersecurity 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, giving unparalleled protection of their assets and those of 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 industry. CryptoArmor offers cybersecurity services for incident response, as well as security architecture design, security program building, and advanced penetration tests. CryptoArmor offers an all-source intelligence approach that applies to national security risks and threats, drawing on OSINT, HUMINT, commercial data sets, big-data analytics tools and, now through its partnership with Elementus, blockchain and cryptocurrency analytics.
“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’ unparalleled level of on-chain attribution data brings businesses one of the most powerful blockchain security solutions available and provides them with the latest tools to build a proactive approach to risk management.”
SOURCE: PR Newswire