In response to ever rising cyber threats, Resonance Security has launched Harmony. The state-of-the-art solution efficiently monitors and protects Web2 and Web3 applications against increasing risks from fraudulent users that take advantage of vulnerabilities.
The Big Factors
While Web3 has traditionally lacked the robust cybersecurity seen in the more established, centralized Web2 environment, it is actively addressing these challenges. Despite daily attacks, progress towards greater security continues.
Recent data underscores the severity of the issue:
- A vulnerability report from Immunefi, a blockchain security firm, reveals that at least 46% of all web attacks in 2022 targeted the infrastructure connecting Web3 and centralized Web2 ecosystems.
- Javascript is used on most websites and has no built in security permissions model and relies heavily on 3rd party libraries.
- A successful DNS attack can cost businesses an average of $1.1 million to recover
- Cybersecurity Ventures predicts that global cybercrime rates will cost over $10 billion by 2025.
Meet Harmony
Harmony from Resonance Security tackles these challenges by offering comprehensive monitoring and protection for both Web2 and Web3 apps. It effectively guards against advanced threats such as CDN hijacking, DNS manipulation, and BGP hijacking by closely monitoring web activities, including DNS records and scripts. If any suspicious activity arises, it immediately alerts users, allowing for swift responses to potential threats. Harmony leverages AI to accurately identify real risks, streamlining incident response for businesses.
A Strategic Vision Approach
Resonance Security adopts a broad perspective with its “full spectrum” cybersecurity approach, addressing critical gaps in overlooked practices that can expose vulnerabilities. Recently securing $1.5 million in pre-seed funding from heavy hitters like Arca, Fabric and Blockchain Founders Fund, Resonance Security aims to enhance its cybersecurity platform, which includes four proprietary applications and integrates over 30 established tools.
CEO’s Perspective
Charles Dray, Resonance Security’s founder and CEO, emphasizes Harmony’s role in preventing DNS takeovers and securing sensitive assets from black-hat hackers. He states, “Our goal is to align organizations’ cybersecurity strategies with evolving cyber threats.”
Looking Forward
While decentralized web technology promises enhanced security, rapid tech expansion inevitably introduces vulnerabilities. Resonance Security is positioned to save the industry billions by offering a unique approach that not only keeps pace with technological advancements but also fosters collaboration among competitors. As the industry faces these challenges, essential tools like Harmony will play a pivotal role in safeguarding organizations and their users against persistent cyber threats.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.