Introducing SEAL-ISAC: A Free Information Sharing and Analysis Center for the Crypto Industry
Security Alliance (SEAL), a collective of white hat hackers and information security researchers, have made a groundbreaking announcement with the launch of a free Information Sharing and Analysis Center (ISAC) specifically tailored for the crypto industry.
Named SEAL-ISAC, this platform aims to bring together resources to combat current threats and vulnerabilities targeting the crypto industry. Built on the open-source Open Cyber Threat Intelligence Platform (Open CTI), SEAL-ISAC provides information security professionals in the crypto space with essential tools such as threat analysis, alerts, incident coordination and response, as well as educational resources on crypto security best practices.
Since its establishment in 2023, SEAL has successfully recovered over $50 million in assets. The initiative is supported by major crypto protocols and organizations including Chainalysis, MetaMask, Uniswap Labs, Polygon, and the Ethereum Foundation, among others.
One of the key features of SEAL-ISAC is its support for both centralized and decentralized crypto entities, making it a versatile and inclusive platform for the entire industry. According to Samczsun, head of security at Paradigm, “Things are getting harder, but it’s a good sign we are forcing the hackers to solve more and more complicated problems.”
In addition to SEAL-ISAC, the Security Alliance also offers SEAL 911, a crypto security incident response Telegram messenger channel where a team of approximately 40 white hat hackers can respond to reports of hacks in real time.
Recent data from DeFiLlama reveals that over $7.7 billion has been stolen in crypto hacks since 2016, with the majority of losses occurring during major exploits in 2021 and 2022. However, with the crypto markets showing signs of entering another bull cycle, there has been a decrease in hack losses in 2023.
The launch of SEAL-ISAC marks a significant step forward in enhancing security measures within the crypto industry and demonstrates the commitment of Security Alliance to safeguarding the assets and interests of crypto users worldwide.
