Check Point & Cardano collaborate on blockchain security
Check Point
Software Technologies has announced a partnership with Cardano to deliver a
comprehensive real-time security solution within the blockchain industry.
The collaboration between the cyber security
firm and the public cryptocurrency platform Cardano aims to address growing
security demands in the blockchain and Web3 sectors. The increasing penetration
of blockchain technology across industries has been coupled with rising
security threats. Notably, a prominent hacking incident involving Bybit
resulted in a loss of USD $1.5 billion, underscoring the industry's
vulnerability.
According to the Chainalysis 2025 Crypto
Crime Report, cybercriminal activities led to the theft of over USD $2.2
billion from blockchain-based projects in 2024, reflecting a 21% increase from
the previous year. This issue, alongside a recorded USD $70 billion investment
in cryptocurrency markets from institutional investors in 2024, has highlighted
the pressing need for improved security measures.
To tackle these concerns, Cardano is
integrating Check Point's real-time security solutions into its blockchain
infrastructure. This initiative, supported by Project Catalyst funding, has
gained strong backing from the Cardano community. Check Point's real-time
security capabilities promise to enhance the security of smart contracts,
digital assets and user transactions within the Cardano ecosystem.
Check Point's extensive security framework is
designed to provide extensive monitoring and preemptive defence against
emerging cyber threats. Real-time threat intelligence is leveraged to detect
and counteract attacks, ensuring the protection of assets and data within the
Cardano network.
The security measures offered by Check Point
include real-time threat intelligence and AI-powered anomaly detection,
designed to identify suspicious activity and potential vulnerabilities.
Moreover, on-chain and off-chain protection secures blockchain transactions and
related digital assets such as wallets and decentralised applications.
Automated response mechanisms form an essential part of the system, preventing
unauthorised access and fraud in real-time.
Dan Danay, Head of Web3 at Check Point
Software Technologies, commented on the collaboration, saying, "The
collaboration between Check Point and Cardano is poised to drive widespread
adoption of blockchain technology by addressing the most significant barrier to
entry: security. By providing a comprehensive, real-time security solution, we
aim to instil confidence in institutional players and large-scale enterprises,
encouraging them to build and innovate on the Cardano network."
Kriss Baird, General Manager for Cardano's
Catalyst, added, "The partnership between Check Point and Cardano
represents a significant step forward in the quest for a secure and resilient
Web3 ecosystem. As we work together to develop and implement innovative
security solutions, we can look forward to a more robust and secure blockchain
in the future."
By setting a new industry standard for
blockchain security, Check Point and Cardano are paving the way for an
environment where businesses can integrate and expand their blockchain
utilisation more confidently. The ongoing evolution of blockchain technology
necessitates such real-time security solutions, which are expected to support a
safer and more scalable future for Web3 technologies.
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