According to a recentreport released by the leading cybersecurity firm ‘Segasec,’ states that one of the most popular Ethereum based digital wallet ‘MyEtherWallet’ is prone to the most attacks by hackers. Segasec has beenanswerable to defendMEW from malicious attacks. Suchtriedattacks don’treturnas a surprise, knowingthe numberof valuable Ethereum tokens accessed through the MEW platform. As a matter ofreality, usersarecontinuouslyconfronted with a conspicuous message on the platform’s homepage advising them ona way tokeep their wallets safe.
Beyondthe essentialsecurity measures thatareassociated withnon-publickeys and login tools, overall platform security is crucially essential.In line withSegasec, sincethe startof its task ofprotectingthe MEW platform,it’staken down 313 active attacks, witha meanofthirtytofortyper week, and these numbersare increasing every daily.
TheCEOand Co-Founder of Segasec, ‘Elad Schulman’, explains that the above mentioned stats for the MEW place it amongthe highestcorporationsobtaininghitwithin thecrypto world. Headditionallynotes that the platform has been targetedconsiderablyseveraltimes thana number ofthe other massivenameswithin the enterprise industries, likethe financial institutions.
Apparently,the requirementto delegate the responsibility to secure the MEW platformseemsto beprimarily as aresults ofthese overwhelming attacks.Tillthisachievementof Segasec, securing the MEW platform was beingallottedby its founder, Kosala Hemachandra, and his team. The identification of phishing attacks and impersonating sites offereda busytaskthat willtypicallytake the teamsomeof days and endless permutationsto attain.This is oftenprimarily as aresults ofthe degreeof such attacks.
According to Hemachandra, the partnership with Segasec is primarilygeared towardsecuring platform users andguaranteeingthe protectionof their Ethereum tokens.
Adding further, he says:
“Wewishour users to feel safeand that wewilldo everythingwe needto makethat happen,thuspartnering with Segasec is another major step towards safeguarding our users from malicious actors.”
Security threatstypicallyseemwithin thekind ofmalicious copies of their targeted sites acrossvarieddigital channels with the intent to deceive potential users. Thesecan bethrough specific websites, social media, and even Google Ads.
Protection against such threatsis typicallyhandledby either total takedown of such malicious platforms,block them, or by deception before users become exposed to them.
In the case of MEW, Segasec is, atthe instant,perpetuallyobservingaround 2,746 suspicious domainsjust in casethey mature into active attacks.