MyEtherWallet (MEW) Partners with Segasec and PhishFort Cybersecurity Firms to Prevent Attacks
MyEtherWallet is one of the most secure digital wallets around for crypto coin holders today. The team behind this project has consistently improved on the ecosystem security of their wallets. In doing so, the wallet has been able to avert malicious attacks over time although MEW remains a popular target for hackers.
The MEW wallet experience with hackers left the team no option but to level up system security. This has greatly contributed to their wallet’s status as one of the most efficient and secure to have. At the moment, the developers at MEW have formed partnerships to assist them to accomplish a top-notch secured ecosystem. Two of the most notable partners are PhishFort and Segasec; both provide cybersecurity services.
Yesterday’s #phishing tweet received a lot of attention and generated some concern, but we’d like to point out: #MEW, with security partners @PhishFort and @segasec_com is constantly monitoring and bringing down scams! Can you guess how many per day?https://t.co/iFkA0Ag2Pl
— MyEtherWallet | MEW (@myetherwallet) February 5, 2019
The firm has been actively taking down attacks within the blockchain and crypto arena for the past year. In addition, Segasec also contributed to the reduction of online theft targeting fortune 500 companies including big banks in America. This firm increases the difficulty of attacking an ecosystem with its phishers technology.
Basically, Segasec has advanced technology that they use to identify illegitimate digital accounts interacting with a probable victim. This is done through monitoring digital platforms such as websites, blogs, and other social media platforms to single out suspicious activities.
Segasec’s ultimate goal is neutralizing possible attacks before they even happen. Therefore, the firm has set up mechanisms of identifying an attack prior to materialization. In such cases, Segasec will stop a probable attack and include the digital account details to the list of suspected hackers. Today, the firm has its eye on over 3558 websites round the clock.
MyEtherWallet’s partnership with Segasec over the past half year has helped stop over 500 potential attacks. MEW is able to leverage Segasec’s resources to deceive, block or takedown hackers.
Blockchain has been quite vulnerable since its inception along the digital assets pioneered by Bitcoin. PhishFort is among the firms that have taken the initiative to make blockchains more secure as the tech on boards people globally. They mainly focus in the prevention of phishing attacks and have been impactful within the industry so far.
Ideally, the tech by PhishFort takes down phishing attacks before they are launched. As of press date, the firm has enabled the aversion of over 150 attacks of this nature. It is designed to detect phishing infrastructure in its premature setup stage hence prevention from such attacks going live.
The release of PhishFort’s app in both Apple store and Google Play has worked out well for the interested market. Its efficiency in mobile devices is no lesser to that implemented with desktops. MEW digital wallet holders can easily download the App and leverage it to detect impersonators and fake online platforms with an intention of defrauding them.
Cyber Security Advantages Of MEW Wallet Holders
MyEtherWallet is dedicated to protecting its clients’ online operations from any attacks that may arise in the event. This is the reason for partnering with Segasec and Phishers that thrive in the world of cybersecurity. The two have worked together with MEW to deflect a good number of attacks launched on the digital wallet holders making the ecosystem harder to invade.
This may be working to some extent but hackers keep evolving with the new technologies as well. It follows that the most efficient way to protect ones’ MEW stored funds is awareness and full control of their operations. Given the volatility in most aspects of the crypto world, it would be unwise to ignore due diligence and looking out for suspicious events for MEW wallet owners.
Cybersecurity is a major step toward curbing cryptocurrency fraud as the trends have shown. However, this cannot fully solve the issue at hand without the contribution of other stakeholders. Crypto owners are therefore encouraged to enhance their knowledge in this field for better self-protection online. This undoubtedly develops a crypto enthusiast who can navigate the industry with ease using the best (most secure) products and avenues.
MEW gives the ultimate fund control experience for its clients. First, the ecosystem is decentralized as is the concept for blockchain networks. This means financial freedom from parties that actually act as stumbling blocks while they are meant to offer financial services or oversight to money transfers. Consequently, this can only be achieved with self-education by MEW users to avert scammers and protect their cryptocurrency funds.