PhishFort Determined To Thwart More Cybersecurity-Attacks With New Binance Labs Investment
PhishFort Now Determined To Thwart More Cyber-Attacks Even As Binance Labs Invests In Them
PhishFort, the burgeoning startup that offers anti-phishing solutions for crypto and Blockchain companies, may have finally found the right business partner. Binance, through its venture arm, Binance Labs, has just invested in this global leader in anti-phishing services.
PhishFort which targets all the companies involved in the crypto industry, including digital asset exchanges, ICOs, and token issuance platforms mainly offers anti-attack and scam solutions. The team behind its successful operations operates remotely, despite the company being eight months old now.
It ideally leverages an open-source intelligence solution to ensure its browser plugins effectively help protect crypto enthusiasts as they carry on their businesses. The plugin, called Protect, is now trusted by its over two million users who are spread across the planet’s six contents.
For PhishFort, having the world’s leading cryptocurrency exchange at the heart of its operations is excellent for its services. It will not only help the team behind this cybersecurity firm fine-tune its technology, but also pave the way for more exciting opportunities. Binance will also ensure that PhishFort educates its growing community on the essence of being secure as they carry out their transactions.
The PhishFort team This Latest Development Is Good For The Safety Of The Industry
Initially, the team behind PhishFort had decided to bootstrap it as a company. And so, they centered their focus on profitability and filling the gap in the market. The business took off almost immediately, and with the profits starting to stream in, they needed no external financer anymore.
However, what compelled them to accept funds from Binance Labs is because they realized that they were not in the business for profits alone. Their role meant that they were directly responsible for the growth and development of several other companies in the crypto industry. Ideally, they were majorly involved in the whole hassle of improving the crypto ecosystem, including enhancing the adoption of crypto.
Safety and security are certainly an essential requirement that the crypto industry requires if it is to grow. Thus, having the valuable experience and the vast network of crypto through Binance Labs plus their firm mission has ultimately exposed the massive synergy between them.