Flare, a blockchain built for data, is making its protocol and the projects building on unassailable to hacks by adopting Hypernative's industry-leading real-time threat detection and response platform.
Projects will get access to Hypernative Platform and receive assistance in configuring and setting up security monitoring and prevention flows. Hypernative will assist with incident response, helping investigate and identify root causes and leveraging its network of connections for recovery of lost funds. The scope of monitoring and response will include
- Security
- Compliance
- Threat intelligence
- Financial & market risks
- Operational risks
- Governance risks
- Phishing, scams and fraud
As part of the partnership, the Flare team will enhance the underlying protocol's security with ecosystem-wide monitoring that covers a broad range of attack surfaces and risk vectors including bridges, internal infrastructure smart contracts, multisig wallets, treasury and tokens allocations, and more. Hypernative will also create a risk dashboard and a dedicated support channel.
"There is a dawning realization that Web3 needs a new security standard that goes beyond audits and bounties," said Gal Sagie, co-founder and CEO of Hypernative. "It's really encouraging to see leading protocols like Flare take a global approach to security and implement active strategies that protect their entire ecosystem."
Smart contracts call for smarter security. Hypernative Platform uses battle-tested, sophisticated machine learning models to identify threats with high accuracy and give customers precious minutes to respond before exploits can do damage. The system monitors over 25 chains, covering security, technical, financial, governance and other risks. Hypernative Platform detected 99.5% of hacks last year with less than 0.001% false positive rate and saved more than $50 million of funds to date.
Flare joins over 80 leading Web3 projects that rely on Hypernative’s real-time enterprise-grade platform that monitors over $37 billion worth of digital assets across 25 chains. The list includes Karpatkey, Starknet, Consensys Linea, Polygon, Messari, Chainalysis, Circle, Galaxy Digital, Ether.fi, Radiant Capital, and more.
Reach out for a demo of Hypernative’s platform, tune into Hypernative’s blog and our social channels to keep up with the latest on cybersecurity in Web3.
Together, we can build a Web3 that is safe for everyone.
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