How do we secure your blockchain?

We provide and support a comprehensive risk management system for a blockchain network, using cybersecurity frameworks, assurance services, and best practices to reduce risks against attacks and fraud

Public blockchains

are public, and anyone can join them and validate transactions.

Private blockchains

are restricted and usually limited to business networks. A single entity, or consortium, controls membership.

Permissionless blockchains

have no restrictions on processors.

Permissioned blockchains

are limited to a select set of users who are granted identities using certificates.

Security Threats

How fraudsters attack blockchain technology

Phishing attacks

Phishing is a scamming attempt to attain a user's credentials. Fraudsters send wallet key owners emails designed to look as though they're coming from a legitimate source. The emails ask users for their credentials using fake hyperlinks. Having access to a user's credentials and other sensitive information can result in losses for the user and the blockchain network.

Routing attacks

Blockchains rely on real-time, large data transfers. Hackers can intercept data as it's transferring to internet service providers. In a routing attack, blockchain participants typically can't see the threat, so everything looks normal. However, behind the scenes, fraudsters have extracted confidential data or currencies.

Sybil attacks

In a Sybil attack, hackers create and use many false network identities to flood the network and crash the system. Sybil refers to a famous book character diagnosed with a multiple identity disorder.

51% attacks

Mining requires a vast amount of computing power, especially for large-scale public blockchains. But if a miner, or a group of miners, could rally enough resources, they could attain more than 50% of a blockchain network's mining power. Having more than 50% of the power means having control over the ledger and the ability to manipulate it.

Note: Private blockchains are not vulnerable to 51% attacks.

Why is

Security an issue?

Blockchain’s unique attributes will provide a new infrastructure on which the next generation of streamlined business applications will be built. But it also creates unique security challenges.

In the realm of blockchain, distinguishing between various types is crucial. Public blockchain, such as Bitcoin and Ethereum, operates transparently, allowing anyone to view transactions. Contrastingly, private blockchain offers enhanced privacy, limiting access to specific participants. Yet, each has its vulnerabilities. Public blockchains, like Bitcoin, have decentralization at their core, making them resistant to manipulation but also susceptible to single points of failure. Private blockchains, despite offering security through controlled access, may face breaches if not appropriately secured.

Understanding the critical element of a private key is pivotal. It serves as an access code, allowing entry to cryptocurrency stored in the blockchain. Any breach in this security can result in significant vulnerability, potentially compromising assets.

In essence, the choice between a private and public blockchain often hinges on security needs and decentralization preferences. While public blockchains excel in transparency, they may also pose risks due to their open nature. In contrast, private blockchains prioritize restricted access for heightened security but require careful management to avoid breaches and single points of failure.

Protection moves from centralized to decentralized

An asset and its means of protection are combined in one token

Digital wallets have proven easy to exploit

Malicious transfer of value can be instant and irreversible

Framework Services

For heightened protection of your existing crypto exchange or platform, our suite of services delivers maximum security through Digital Asset Custody Integration, Incident Response, Cloud Monitoring, Product Security, and more.

Audits and Assessments

To protect your crypto exchanges and digital assets, our cryptographic audits, security assessments, and penetration testing services evaluate your systems and code, identify any weaknesses, and offer comprehensive security recommendations.

Platform Design

We develop and test blockchain-based highly secure MVPs including designing use cases and implementation plans. We also help develop apps and create whitepapers that pique interest.

Consulting Services

We help create significant business opportunities using blockchain through an in-depth analysis of your industry and priorities. We provide custom recommendations to drive your business forward – from initial strategy to implementation and secure management.

Blockchain security for the enterprise

When building an enterprise blockchain application, it’s important to consider security at all layers of the technology stack, and how to manage governance and permissions for the network. A comprehensive security strategy for an enterprise blockchain solution includes using traditional security controls and technology-unique controls. Some of the security controls specific to enterprise blockchain solutions include:

  • Identity and access management
  • Key management
  • Data privacy
  • Secure communication
  • Smart contract security
  • Transaction endorsement

Fortifying Trust: Exploring Blockchain's Ironclad Security

Blockchain technology, known for its decentralized nature, offers promising solutions while addressing various security issues. Whether it’s a private blockchain network or a public ledger, robust security measures are crucial. Distributed ledger technologies come in different types, each with its inherent security features.

Public and private blockchain networks have distinct characteristics. Public blockchains like Bitcoin and Ethereum offer transparency to all users, while private networks prioritize restricted access for enhanced security, especially favored by financial institutions.

The secure nature of blockchain relies on its distributed network, where each added block reinforces overall security. However, every blockchain faces risks associated with data breaches and vulnerabilities that may be exploited. Aspects of blockchain security entail implementing comprehensive risk mitigation strategies to protect the network and users.

Blockchain’s robust security infrastructure creates inherent security qualities. However, security features need continuous refinement as blockchain technology evolves. Security solutions and cybersecurity measures play a pivotal role in safeguarding blockchain data, particularly as digital currencies become more prevalent.

Whether it’s permissioned blockchain examples or how blockchain technology is used, ensuring access to the network remains secure is paramount. Understanding vulnerabilities and security aspects is key to fortifying the integrity of blockchain ecosystems for every blockchain user.

How we help

Sheild your blockchain

Eliminate security risks and enhance ease of scalability. Assess the design and architecture of the Blockchain ecosystem to eliminate possible loopholes from the design.

  • Secure Architecture Reviews
  • Review Consensus Networks

Review the technology and processes in Blockchain systems, E.g., Application Platforms, Distributed Ledgers, Consensus Protocols, Smart Contracts, Cryptography, etc. using our exclusive governance framework.

  • Payment Platforms
  • Ledgers, Node Application
  • Crypto Services

Check regulatory compliance of PII and other critical data, including a review of the genesis block, chain code, algorithms, membership service providers (MSP), etc.

  • Data Security Compliance
  • Compliance Audit for PIl

Avert compromise, manipulation, and tampering with the ecosystem. Find issues relating to compromise or takeover of peers, tampering blocks, and consensus manipulations, which can disturb the ecosystem.

  • Smart Contracts
  • Platforms and Apps
  • Consensus Networks

Assess and Review services hosting the platform, SDKs, and APIs used by the applications to communicate with the Blockchain ecosystem.

  • Review APIs and SDKs
  • Review Virtual Machines

Ready to review your blockchain stack

We help you reduce risk and instill confidence in your Blockchain/DLT Programs. Helping you strengthen your blockchain for better control and compliance.