Displaying items by tag: SantinelProtocol

Solution to protect crypto assets by fighting fraud, scams, and malicious threats.

Singapore, 29 October 2018 — Sentinel Protocol announces the launch of the Interactive Cooperation Framework API (ICF API). After the successful launch of the UPPward Chrome Extension, a crypto scam protection solution, Sentinel Protocol continues to lead the crypto security industry by arming crypto exchanges and wallet services with its ICF API.

The new ICF API is designed to be integrated with financial software applications to proactively protect crypto assets belonging to organizations and clients from malicious threats. Before completing a transaction, the ICF API enables a financial application to query Sentinel Protocol’s Threat Reputation Database (TRDB) and check whether or not a specific crypto wallet address, URL, domain, or Telegram ID is safe. Within milliseconds, the TRDB sends a response. Depending on the type of response, a pending transaction can be immediately rejected and terminated; an alert or warning could be generated; or the transaction could be allowed if the alert level is low.

The key features of the ICF API are:

- Platform agnostic — can be used by any exchange, wallet, DApp, or application.

- Online access to collective security intelligence data held in the TRDB.

- Validated whitelists and blacklists of crypto wallet addresses, URLs, and domains related with malware, phishing, and scams.

While blockchain’s core technology has earned an excellent reputation for strong security, cryptocurrency assets continue to be stolen on a daily basis. Crypto exchanges and wallet services today have limited capabilities for preventing users from accepting or sending crypto funds to malicious addresses or for identifying malicious URLs associated with phishing and malware.

To address the above needs, the ICF API beta version will be made available to organizations by the end of October for testing and evaluation. The full production version will be deployed in early 2019.

Sentinel Protocol, is the world’s first crowd-sourced threat intelligence platform utilizing the advantages of decentralization to protect cyberspace with blockchain security. It aims to equip individuals and organizations with cybersecurity solutions that protect their valuable cryptocurrency assets from malicious threats, attacks, and fraud. Sentinel Protocol is headquartered in Singapore and has offices in Seoul, South Korea and Tokyo, Japan.

Source:  Medium.

Published in LAST WEEK'S RELEASES

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