In order to work together on cutting-edge security technology research, digital asset ecosystem security, anti-money laundering for digital assets, and other technology disciplines, HashKey Group and SlowMist are happy to announce their strategic cooperation. The partnership’s objective is to investigate and create thorough security standards and solutions that will protect HashKey Group’s numerous business lines. For years, SlowMist has concentrated on blockchain security. It keeps a top spot in the market, whether in terms of comprehensiveness or cutting-edge technology. HashKey Group, a pioneer in blockchain technology and digital asset management solutions, consistently upholds its top spot in the rapidly expanding fintech industry through continual innovation. HashKey Group is anticipated to benefit from stronger security standards as a result of this strategic partnership, which is also anticipated to advance the industry’s overall security development.
Read latest article: Best Loan CRM Software
Areas of focus for the partnership:
1. The Digital Asset Ecosystem’s Security
In addition to security audits, blockchain threat intelligence (BTI), defence deployment, anti-money laundering (AML), and cryptocurrency monitoring (MistTrack) services, SlowMist, a company with years of experience in the blockchain ecosystem, offers a wide range of comprehensive security solutions. Moreover, SaaS security tools are available for services like scanning for false deposit vulnerabilities, vulnerability monitoring (Vulpush), crypto hack archives (SlowMist Hacked), and smart contract firewalls (FireWall.X). As part of the strategic alliance, SlowMist will offer HashKey Group specialised security solutions, from attack detection to defence, continuously ensuring the safety of the company’s operations. Together, they will construct the most important security gate in the history of the HashKey Group in order to address the many security concerns they will face along the way.
As SlowMist has concentrated on security audits for so long, its audits are more thorough and comprehensive than those provided by other penetration testing services. These audits swiftly identify any flaws and offer fixes and security advice to enhance HashKey Group’s best security practises and reduce risk in the future. Top platforms in hundreds of industries are already covered by SlowMist’s related security services, which include both centralised and decentralised systems. More than 1,500 well-known smart contracts have been examined by the SlowMist team, including those on Ethereum, EVM-based blockchains, EOS, Fabric, Solana, Klaytn, Aptos, and other open-source blockchains. SlowMist found a large number of high-risk and medium-risk vulnerabilities during these examinations. They hope to advance the security of HashKey Group with the knowledge and resources of SlowMist.
HashKey Group will also receive Red Teaming services from SlowMist. According to SlowMist, a company can only gain a complete understanding of its actual security condition by conducting security assessments at the same level of reasoning as actual attackers. Red teaming will assess actual weaknesses in the enterprise workforce, business systems, supply chains, office systems, and physical security of HashKey Group. According to the findings of the assessment and the actual security requirements of HashKey Group, SlowMist will offer the best graded security defence solutions to primarily safeguard susceptible core nodes and successfully raise the costs of attackers.
Additionally, SlowMist will offer HashKey Group security consulting services to address the demands of the target projects’ overall security system and lifecycle. Additionally, they will offer HashKey Group complete asset security solutions for online hot assets, cold assets, and DeFi assets, thereby significantly enhancing the security and stability of HashKey Group’s assets.
2. Digital Assets and Money Laundering Prevention
With its two main products, MistTrack and the Malicious Address Library, SlowMist offers an AML/CFT compliance solution to better thwart cybercriminals and safeguard customer digital assets. MistTrack focuses on a variety of topics, including the movement of cryptocurrencies, address tracking, hacker profiles, investigation, and freezing. MistTrack finds problematic assets on the blockchain (KYT) for HashKey Group, thereby preventing money laundering activities in a timely manner. It does this by combining multidimensional harmful address data and thorough address topic label data. MistTrack currently supports eight chains, including Bitcoin, Ethereum, Binance Smart Chain, Avalanche, Tron, Polygon, IoTeX, and Arbitrum. To date, it has served over 90 clients and recovered assets worth over $1 billion.
The Malicious Address Library extracts trustworthy anti-money laundering data in real-time, including information on ransomware, stolen cryptocurrencies, Ponzi schemes, phishing, dark web markets, and sanctions entities. It does this by using open-source data, blockchain honeypots, artificial intelligence, and data from customers and partners. It can be used in various situations, such as trading platforms, wallets, or other asset management platforms, depending on the requirements of HashKey Group, to prevent money laundering activities during asset transfer processes, successfully confirm the origin of HashKey Group’s verified assets, thwart fraud, and guarantee asset security and compliance.
3. Research on Modern Security Technologies
Global blockchain security regulations have increased the need for security and compliance while also opening up new avenues for the advancement of blockchain security technology. Being a top provider of blockchain security, SlowMist keeps a close eye on advancements in security technology as well as the growth of the blockchain business. SlowMist will work with HashKey Group to analyse and explore the prospects for these emerging technologies by combining its extensive knowledge of numerous industries with the research and original ideas of HashKey Group’s professional investment team. This will strengthen SlowMist’s position as a premier provider of financial services for digital assets.
Read: The New Digital Mobile Banking Sphere
