Crypto Industry

Case Details

Clients: Pixel Art Company

Start Day: 13/01/2024

Tags: Marketing, Business

Project Duration: 9 Month

Client Website: Pixelartteams.com

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Of all illicit transaction volume we measured on the year 2023.

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Cyber criminals stole a record $3.8 billion in cryptocurrency in 2022

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North Korean hackers are responsible for the majority of crypto thefts, with crooks linked to the country stealing an estimated $1.7 billion in cryptocurrency in 2022.

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There were 57 cryptocurrency thefts in the first quarter of 2023. At this rate, there may be a record 228 incidents in the year.

Three of the five biggest crypto heists of all time were on exchange platforms. The largest of these was a cyber attack at Binance, in which $570 million was stolen.

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The Story

In today’s digital landscape, secure mobile communications play a critical role in the crypto industry, where sensitive financial transactions and confidential information are constantly being transmitted. As the majority of cryptocurrency trading and transactions occur through mobile devices, the security of these communications is paramount to prevent hacking, data breaches, and other forms of cyber attacks.

A single compromised mobile connection can put an entire organization at risk of financial loss, reputational damage, and even legal liability. Therefore, it is essential for the crypto industry to prioritize end-to-end encryption, robust authentication protocols, and secure communication channels to safeguard mobile transactions and ensure the integrity of digital assets.

The Problem

Due to the constant exchange of high-value information in this sector, it has become a preferred target for cybercriminals. The latter have adopted increasingly sophisticated, multi-step attacks that use an arsenal of techniques to extract pieces of data from various points. Once pieced together, this data can be used to inflict severe financial and reputational damage.

Protecting data from such attacks calls for a holistic approach to cybersecurity which leaves no attack surface uncovered.

Communications are always under threat of eavesdropping and interception due to the nature of shared information.

Constant attempts to impersonate clients, steal their credentials, and get to even more valuable data.

Phishing and spear-phishing attacks against broker employees and clients to steal credentials, infect devices with malware.

The Solution

Octalas Secure has a range of products that offer strong resistance against online and offline hacking attempts and enterprise-level solutions that can facilitate secure communications within an institution. Brokers, traders and financial institutions can:

Use our encrypted apps suite to ensure the confidentiality of communications.

Secure mobile devices against physical tampering through complex authentication algorithms and triple password protection employed by our software to guarantee the identity of the user.

Benefit the security-hardened design to withstand malware, phishing attacks, and compromise of software.

Reduce the attack surface of the encrypted mobile devices.

Deploy our solutions on the organization’s infrastructure, ensuring higher system integrity and data security. The technique helps banks and financial institutions establish control over internal sensitive communication and visibility into various user groups.

Octalas – Strategic process for your profits The most optimal consulting solution.