Hacker attacks are prevalent in the cryptocurrency industry. As a result, one of the most critical solutions for these people is to make the most significant security precautions, which is where blockchain technology excels.
It’s critical to comprehend how investing in cryptocurrencies can go wrong to prevent any cybersecurity issues. Some of the most common cybersecurity issues related to cryptocurrency investment include Phishing Attacks (impersonation), Illegal Trading Platforms, Third-Party Software, Malware, etc.
Nowadays, many financial market investors seek to preserve their wealth and increase their level of safety by purchasing cybersecurity cryptocurrency coins. The top 10 Cybersecurity Crypto tokens to watch are listed below, according to their market cap.
1. UTRUST - UTK
One of the most severe problems of cryptocurrency is price volatility. Utrust aims to protect both buyers and sellers from its effects by shielding the sellers against market volatility and providing the buyers with a refund option.
Until a purchased product is received by the buyer, Utrust secures the transaction, acting as a mediator and ensuring the success of the transaction.
Cryptocurrency users tend to make use of more than one wallet and exchange for managing their crypto assets. Utrust aims to reduce this complexity by introducing its own native wallet that allows users to make fast and secure transactions. This mobile wallet supports both on- and off-chain payments. Furthermore, it allows users to convert cryptocurrencies to fiat to help offset price volatility.
2. Shentu - CTK
Shentu Chain, a security-first, delegated proof-of-stake blockchain, for trustworthy execution of mission-critical applications, including DeFi, NFTs, and autonomous vehicles. Shentu Chain prioritizes cross-chain compatibility, built as a Cosmos Hub with full EVM and Hyperledger Burrow compatibility, as well as compatibility with eWASM and Ant Financial’s AntChain.
Across protocols, blockchain projects can receive security insights with the Security Oracle, which provides real-time guards of on-chain transactions, identifying and flagging a wide range of malicious vulnerabilities before they occur.
Depending on the level of the security score, audited blockchain projects of any protocol may be eligible for a ShentuShield membership, which is a flexible, decentralized reimbursement system for any crypto asset that is irretrievably lost or stolen due to security issues. ShentuShield memberships are open to all community members of these eligible blockchain projects, providing a safety net to holders of crypto assets in case anything unexpected happens.
Natively, projects can code in DeepSEA, a hyper-secure programming language supported by the Ethereum Foundation, Qtum Foundation, and IBM. DeepSEA works directly with the Shentu Virtual Machine (SVM), which is fully compatible with EVM.
SVM innovatively exposes smart contract and blockchain security information, enabling unprecedented ways to access, check, and incorporate risk into the decisions of smart contracts. CTK is the native digital utility fuel of Shentu Chain, serving as the core utility for on-chain functionalities such as operating the Security Oracle and ShentuShield systems, paying gas consumption of Shentu Chain, and voting for governance decisions within the network.
3. PolySwarm - NCT
PolySwarm is a crowdsourced threat intelligence marketplace that provides a more effective way to detect, analyze and respond to the latest threats, the ones more likely to go undetected by existing solutions.
We are a launchpad for new technologies and innovative threat detection methods, where commercial solutions and specialized engines compete to detect threats and get compensated based on performance
PolySwarm facilitates marketplace transactions with an Ethereum erc20 token (NCT). PolySwarm uses NCT in their community, and network for detecting malware.
NCT rewards are distributed to users who provide relevant cybersecurity data while NCT is used to access insights provided by the network.
4. Quantstamp - QSP
Quantstamp is a leader in blockchain security providing expert security audits and blockchain solutions. Top crypto and enterprise companies including Ethereum 2.0 (Prysmatic Labs Client), Binance, MakerDAO, Chainlink, eToro, and World Economic Forum choose Quantstamp to secure their blockchain applications.
QSP is an ERC-20 token used for verifying smart contracts on the decentralized QSP Security Protocol. Users can buy automated scans of smart contracts with QSP, and validators can earn QSP for helping provide decentralized security scans on the network at protocol.quantstamp.com
5. Lossless - LSS
Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss.
Lossless Protocol allows hack detection, malicious transaction freezing, and the return of stolen funds to the true owners. The $LSS token enables you to participate in the Lossless hack spotting process and earn rewards. Those who hold $LSS tokens have the right to stake and therefore freeze fraudulent transactions, which will be investigated and evaluated whether it was a hack.
The Lossless team aims to prevent and revert all upcoming hacks within the DeFi space, making it a safe industry for it to grow further.
6. HackenAI - HAI
Hacken Token (HAI) is a cybersecurity coin underlying the rapidly growing Hacken Foundation. Hacken Foundation is a fully fledged organization that unites cybersecurity products and companies developing secure Web 3.0 infrastructure.
Hacken Foundation is trusted by both crypto industry leaders (Vechain, Ava Labs, FTX, and 300+ other entities) and traditional IT and product companies (Namecheap, AirAsia). Native token HAI serves as a utility for hundreds of different B2C, B2B, and B2G cybersecurity products and gives birth to new cybersecurity start-ups like HAPI.one (HAPI), Disbalancer (DDOS), and many more.
HAI token may be referred to as the index of crypto industry cybersecurity. The original HKN ERC-20 token was swapped into HAI and is no longer tradable at cryptocurrency exchanges. Please read detailed instruction below how to swap ERC20 HKN into HAI.
7. HAPI Protocol - HAPI
HAPI is a one-of-a-kind decentralized security protocol that prevents and interrupts any potential malicious activity within the blockchain space. HAPI works by leveraging both external and off-chain data as well as on-chain data accrued directly by HAPI and is publicly available.
One can imagine HAPI being an all-encompassing, overarching protocol that combines crypto intelligence data from multiple sources allowing the most accurate information on malicious activity, and compromised wallets.
HAPI is the only crypto cybersecurity solution that can be integrated into DEXes and DeFi protocols preventing Money Laundering by embedding Smart Contracts and routing each transaction through it.
HAPI is not just a protocol. HAPI is the coalescence of a myriad of methods to contend with the deluge of exploits within the blockchain ecosystems. Live automated monitoring and tracing, address vetting and case categorization, case-by-case deep analysis of threats.
8. Remme - REM
Remme is an ecosystem of Identity and Access Management products with a digital key at its heart. Founded in 2015, Remme is building the decentralized Public Key Infrastructure protocol and PKI-enabled apps to address the challenges of Web 3.0. Remme blockchain consensus is achieved via Delegated Proof of Stake. With the REMChain mainnet launched end of 2019 currently there are 2 key roles tokenholders can take up on REMChain: Block Producers and Guardians.
Remme Protocol aims to become the next-generation blockchain-based PKI alternative. It is open-source and customizable to suit business needs. Remme Protocol provides a basis for establishing self-sovereign and authority-issued identities, with a host of use cases.
Remme Auth is a 2-click authentication solution that allows users to securely access a website without passwords. Instead, the solution uses Web Cryptography API and blockchain technology.
With the Protocol being built on EOSIO codebase, REMChain is an independent blockchain fueled by the REM token. REM is an ERC-20 token on Ethereum with the permanent possibility to swap it to REMChain native tokens in both directions.
How and Where to Buy Cyber security Tokens?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase Coin/Token from the Binance exchange.
Read more: Top 20 Privacy Crypto Tokens
Thank you for reading !
I am sure that almost all of you would be aware about OWASP. But, just for the context let me just brief about the same.
OWASP is an international non-profit organization that is dedicated to web application security. It is a completely opensource and community driven effort to share articles, methodologies, documentation, tools, and technologies in the field of web application security.
When we talk about API, we are almost every time talking about REST and OWASP has a dedicated project to API security. As this series of articles are focused towards the API security, we shall not be going in details of web application security. You can use the provided links to find more about these. Let us spend some time on the background, before we dive deep in to API security project.
OWASP’s most widely acknowledged project is OWASP top 10. This is the list of security risks compiled by the security experts from across the world. This report is continuously updated, outlining the concerns of web application security, and specially focuses on the Top 10 of the most critical risks. According to OWASP, this report is an “The OWASP Top 10 is a standard awareness document for developers and web application security. It represents a broad consensus about the most critical security risks to web applications.” They recommend that all companies incorporate the report into their processes in order to minimize and/or mitigate security risks. The latest version was published in 2017 and below is the list.
Although API’s have many similarities with web applications, but both are fundamentally different in nature.
In web applications, all the processing is done on the servers and the resulting web page is sent back to web-browser for rendering. Because of this nature, they have limited entry point and attack surface which are resulting web pages. This can easily be protected by putting up and web-application firewall (WAF) in front of the application server.
In most of the modern application UI itself uses API’s to send and receive data from backend servers and provide the functionality of the application. It is the responsibility of the clients to do the rendering and convert the responses to a web page.
Also, with the rise of microservices architecture individual components become APIs, and it becomes a different world altogether, where UI clients could interact with hundreds of services via API calls. This significantly increases the attack surface. Now all those API’s become the entry point and attack surface.
These entry points can’t be guarded using the WAF solutions as they cannot differentiate between the legitimate and malicious API calls.
Since its first release in 2003 OWASP top 10 projects has been the most useful resource in terms of web application security risks and to suggest the ways to mitigate these issues.
These days almost all the application development like banking, retail, transportation, smart devices, are done with the APIs.
APIs are critical to modern mobile and SaaS application. By nature, the API’s expose business logic and data, often these data are sensitive in nature, for example Personally Identifiable Information (PII). Because of this API’s are increasingly being targeted by attackers.
As API’s are changing how we design and develop our application, this is also changing the way we think about our security. A new approach in needed in terms of security risks. To cater to this need, OWASP decided to come up with another version of Top 10 dedicated to API security which is named “OWASP API Security Project”. The first report was released on 26 December 2019.
Below is the OWASP Top 10 API security risks and their brief description as provided by the official report.
APIs tend to expose endpoints that handle object identifiers, creating a wide attack surface Level Access Control issue. Object level authorization checks should be considered in every function that accesses a data source using an input from the user.
Authentication mechanisms are often implemented incorrectly, allowing attackers to compromise authentication tokens or to exploit implementation flaws to assume other user’s identities temporarily or permanently. Compromising system’s ability to identify the client/user, compromises API security overall.
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With an immense number of companies and entities climbing onto the digital bandwagon, cybersecurity considerations have come up as limelight. Besides, new technologies such as Big Data, IoT, and Artificial Intelligence/Machine Learning are gradually more making inroads into our everyday lives, the threats related to cybercrime are mounting as well. Additionally, the usage of mobile and web apps in transacting financial information has put the complete digital stuff exposed to cybersecurity breaches. The inherent risks and vulnerabilities found in such apps can be exploited by attackers or cybercriminals to draw off crucial information data counting money. Internationally, cyber-security breaches have caused a yearly loss of USD 20.38 million in 2019 (Source: Statista). Plus, cybercrime has led to a 0.80 percent loss of the entire world’s Gross domestic product, which sums up to approx. USD 2.1 trillion in the year 2019 alone (Source: Cybriant.com).
In this article, take a look at ten cyber security tools to watch out for in 2021, including NMap, Wireshark, Metasploit, and more!
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Cybersecurity will, without a doubt, be one of the foremost influential areas of technology in 2019. But if you’re within the world of recruitment, it might be both your meal ticket and your ruin, simultaneously growing and killing your business.
Over the last 12 months, the planet has seen a number of the most important data breaches and cyber attacks in history, including Facebook. Recruitment agencies have long been a target for attacks. Why? Because recruiters hold the one thing that hackers love: data, and much of it.
But there’s a silver lining: there’s the business to be made within the cybersecurity.
The average salary for a cybersecurity professional rose by 7% from 2017 to 2018. the world is lucrative for both candidates and recruiters, but there’s a catch; there simply aren’t enough people to fill these roles. If this skills gap persists, who will come to your rescue once you become the victim of a cyber attack?
Getting your head out of the sand
Recruiters got to be bold and stop ignoring the glaringly obvious potential that cybersecurity brings to the staffing sector. Grab the prospect to grow your business through cybersecurity before you lose the chance because the market is there for those that are able to take it. Identifying, targeting, and placing the simplest cybersecurity talent are going to be the most important growth enabler for your recruitment business in 2017, but getting there requires addressing a number of the subsequent points:
Cybersecurity: the double-edged sword
The proverb ‘ life by the sword, die by the sword’ couldn’t be more apt when it involves recruitment and cybersecurity. Yes, there’s huge potential for business growth and development in cybercrime, but if you’re not careful you’ll find yourself being your candidate’s future client.If you are intrested to became expert in Cyber Security then join online cyber security course class and improve your skills.
If you think that your recruitment consultancy is immune from cyber attacks, you’re wrong. Recruitment agencies are keepers of a number of the world’s largest collections of knowledge – perfect fodder for gluttonous cybercriminals. Suffering a knowledge breach or hack isn’t only a logistical nightmare, but a significant dent in their credibility. Neither candidates nor clients want to figure with a recruiter that’s an information security risk and therefore the damage from such an attack might be costly.
For those businesses who haven’t yet acknowledged the severity of cybercrime, it’s time to awaken and prepare yourself for what might be a business-critical event and implement security measures that will keep your data safe.
Throughout 2019 and into 2020, cybersecurity will still be an enormous pressure that will come down hit businesses of all sizes sort of a tonne of bricks. So, grab the chance that this UK-wide skills gap presents and be a part of the subsequent wave of talented cybersecurity professionals just in case you would like their assistance at some point.
To find out more, download our free eBook: The Recruiter’s Guide to Cyber Attacks, Data Protection, and Systems Security.
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Security Token Offerings can be created on efficient blockchain networks like Ethereum, Hyperledger, and Stellar. We are experts in developing a Security Token Platform.
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Everything around us has become smart, like smart infrastructures, smart cities, autonomous vehicles, to name a few. The innovation of smart devices makes it possible to achieve these heights in science and technology. But, data is vulnerable, there is a risk of attack by cybercriminals. To get started, let’s know about IoT devices.
The Internet Of Things(IoT) is a system that interrelates computer devices like sensors, software, and actuators, digital machines, etc. They are linked together with particular objects that work through the internet and transfer data over devices without humans interference.
Famous examples are Amazon Alexa, Apple SIRI, Interconnected baby monitors, video doorbells, and smart thermostats.
When technologies grow and evolve, risks are also on the high stakes. Ransomware attacks are on the continuous increase; securing data has become the top priority.
When you think your smart home won’t fudge a thing against cybercriminals, you should also know that they are vulnerable. When cybercriminals access our smart voice speakers like Amazon Alexa or Apple Siri, it becomes easy for them to steal your data.
Cybersecurity report 2020 says popular hacking forums expose 770 million email addresses and 21 million unique passwords, 620 million accounts have been compromised from 16 hacked websites.
The attacks are likely to increase every year. To help you secure your data of IoT devices, here are some best tips you can implement.
Your router has the default name of make and model. When we stick with the manufacturer name, attackers can quickly identify our make and model. So give the router name different from your addresses, without giving away personal information.
If your devices are connected to the internet, these connections are vulnerable to cyber attacks when your devices don’t have the proper security. Almost every web interface is equipped with multiple devices, so it’s hard to track the device. But, it’s crucial to stay aware of them.
When we use the default usernames and passwords, it is attackable. Because the cybercriminals possibly know the default passwords come with IoT devices. So use strong passwords to access our IoT devices.
Use strong or unique passwords that are easily assumed, such as ‘123456’ or ‘password1234’ to protect your accounts. Give strong and complex passwords formed by combinations of alphabets, numeric, and not easily bypassed symbols.
Also, change passwords for multiple accounts and change them regularly to avoid attacks. We can also set several attempts to wrong passwords to set locking the account to safeguard from the hackers.
Are you try to keep an eye on your IoT devices through your mobile devices in different locations. I recommend you not to use the public WI-FI network to access them. Because they are easily accessible through for everyone, you are still in a hurry to access, use VPN that gives them protection against cyber-attacks, giving them privacy and security features, for example, using Express VPN.
There are software and firewalls like intrusion detection system/intrusion prevention system in the market. This will be useful to screen and analyze the wire traffic of a network. You can identify the security weakness by the firewall scanners within the network structure. Use these firewalls to get rid of unwanted security issues and vulnerabilities.
Every smart device comes with the insecure default settings, and sometimes we are not able to change these default settings configurations. These conditions need to be assessed and need to reconfigure the default settings.
Nowadays, every smart app offers authentication to secure the accounts. There are many types of authentication methods like single-factor authentication, two-step authentication, and multi-factor authentication. Use any one of these to send a one time password (OTP) to verify the user who logs in the smart device to keep our accounts from falling into the wrong hands.
Every smart device manufacturer releases updates to fix bugs in their software. These security patches help us to improve our protection of the device. Also, update the software on the smartphone, which we are used to monitoring the IoT devices to avoid vulnerabilities.
When we connect the smart home to the smartphone and control them via smartphone, you need to keep them safe. If you miss the phone almost, every personal information is at risk to the cybercriminals. But sometimes it happens by accident, makes sure that you can clear all the data remotely.
However, securing smart devices is essential in the world of data. There are still cybercriminals bypassing the securities. So make sure to do the safety measures to avoid our accounts falling out into the wrong hands. I hope these steps will help you all to secure your IoT devices.
If you have any, feel free to share them in the comments! I’d love to know them.
Are you looking for more? Subscribe to weekly newsletters that can help your stay updated IoT application developments.
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