THE PROBLEM
Building a new DeFi project is a considerable task. A project owner must consider the aesthetics, the purpose, the goals and the business and technical requirements of the project. They must evaluate the technical and economic feasibility of the project, consider a distribution and marketing strategy, prepare the presentation or white paper, introduce an escrow, engage with developers, support the project as it grows, and more.
As this process becomes well-documented, an unprecedented number of projects are saturating the market.
Unfortunately, many projects end in disaster. In some cases, criminals purposefully scam unsuspecting investors. In other cases, well-meaning but uninformed project managers overlook security vulnerabilities in their projects, which are targeted by cybercriminals.
As a result, rightly-concerned investors and participants are seeking an enhanced layer of safety to protect their interests.
The first layer of safety we offer is a specialized KYC process. Our KYC is a highly differentiated offering that is being brought to the DeFi space, with the aim to better protect investors and offer project owners the ability to provide themselves with a stamp of legitimacy.
However, this process does not speak to the variety of technical vulnerabilities that could compromise a project. In recent years, many legitimate and otherwise-viable projects have been compromised by cybercriminals exploiting a variety of technical vulnerabilities. The second layer of assurance and safety we offer addresses this threat.
Solution Overview
Our team will conduct a vulnerability review to detect software flaws, application, server and network equipment misconfigurations, malware, missing or misapplied software patches and more. In addition, we will provide resources, instruction and guidelines to protect your project against security threats that have been used to exploit and compromise projects throughout the crypto currency industry, especially those in the DeFi community.
We will provide a detailed report outlining potential risks and remediation steps to reduce the vulnerability of your systems, lower the operating risk, increase the viability of your project and ultimately safeguard both your liquidity and the confidence of your investors. Our team can even repair the issues for you.
Finally, we will install our world-class Ultimate Defense Platform to protect not only your servers but also the workstations and mobile devices of your team from a variety of adversarial threats and attacks.
Solution Details
Our technical assessment will identify and quantify security vulnerabilities in your project environment and offer awareness, solutions and a detailed risk profile to help you gauge and improve your project’s security posture.
Our team will carefully review your project. We’ll focus on a few key areas, analyzing each one to detect misconfigurations, weaknesses and vulnerabilities that attackers could leverage to compromise your project:
- Hardware. These include web servers, database servers, file storage servers, routers, firewalls and other network equipment, etc. We will use information gathering and discovery techniques to better understand the hardware in use.
- Software. Along with the standard applications we will also perform a high-level analysis of custom applications (exclusive of smart contract applications). We will also analyze operating systems, applications, ports, protocols and services to determine the attack surface available to potential attackers.
- Third-party hosting services. These include web and DNS hosts as well as software development and code repositories such as GitHub. These third-party services are a primary weakness of many DeFi projects including the recent successful attack against the Pancakeswap project.
We will generate a detailed report complete with baseline scores, risk details and guidelines for repairing any detected vulnerabilities to help you reduce or eliminate the detected security risks.
Once the assessment is complete, we conduct a 60-minute live-conference with your team to review the findings, answer any questions and address any issues.
After our initial assessment and remediations, we will scan your installation monthly to look for any new vulnerabilities that may come up. These monthly maintenance programs can be custom built to suit your project’s needs.
Finally, we will connect all your endpoints to our Ultimate Defense Platform to detect and mitigate threats as the occur.
This process will help significantly improve the security posture of your project and will help reduce the risk of compromise.
Conclusion
Our InfoSecurity offering is a highly differentiated offering that is being brought to the DeFi space, with the aim to better protect investors and offer project owners the ability to provide themselves with a stamp of legitimacy.
By partnering with us, your project owners can gain more confidence with their investors while still protecting their identity (and anonymity if applicable).
We believe this offering will make a meaningful impact to the space we care so deeply about and will provide an enhanced layer of safety that is currently unavailable on the market today.
For more information, please contact us.
