Interlock, a next-generation cybersecurity company, today introduces its blockchain-based security solution set to change the face of cybersecurity. The new technology has been created to address the surge of cryptocurrency and NFT threats that have risen sharply in recent times.
Between 2020 and 2021 alone, cryptocurrency theft rose 516% to a value of $3.2 billion, with a reported average loss of $1,900 per person.
The speed at which today’s technology is moving has meant that the security and testing normally in place have not had time to adapt. As the adoption of NFTs and crypto wallets gain popularity, a window for new, sophisticated, and malicious attacks has opened.
Interlock offers a fresh solution that leverages blockchain technology, ushering in a new era of smarter, safer, and more collaborative online security. The first Interlock product is a browser extension that provides instant protection from browser-based threats like impersonation sites and malicious links while rewarding users for sharing anonymized browsing data.
“The threats facing the everyday internet-user, whether browsing from home, work, or on the go, has reached pandemic proportions. The risk has grown within investment into cryptocurrency and NFTs. Interlock is a new kind of solution to address a new kind of problem. Our vision is to become an ungated threat intelligence platform that elevates our understanding of cybercrime and strengthens the world’s ability to battle online threats.”
– Rick Deacon, CEO of Interlock
Users can install the Interlock browser extension in just 2 clicks, and then browse the web as normal…
When they come across malicious sites or click on dangerous links, they are detected and blocked, in real-time, keeping people protected.
To detect malicious sites, Interlock uses Visual AI, scanning over 100 million websites, 67 billion pages, and 12.20 trillion links for a visual look and feel. When people visit a look-a-like site the network compares it to the visual database to create immediate protection if unrecognized.
The Interlock community is incentivized with tokens (INTR), when they identify threats and validate trusted pages, always optimizing the security platform. The solution’s safety in numbers, the combined backbone of blockchain technology, brings peace of mind for a web browsing future.
Jamie Burke, CEO of Outlier Ventures, who led a multi-million-dollar investment in Interlock added:
“Today nobody knows who or what site they can trust on the Web generally. And sadly, that’s even more true in trustless environments like Web3, with self-custody of assets and people transacting in ever-larger amounts of value, be it crypto or NFTs. It’s evident the only sensible approach for such a p2p environment is a crowd-based approach to monitor and curate web security. This is Interlock.”
By focusing on collaboration as the future of security, Interlock will render the current gatekeepers of security technology obsolete by making valuable threat data widely available, helping stop threats, pre-empt attacks, and empowering a global online community with the confidence to transition to Web3.
Paving a safer path to investment into digital assets, Interlock is a decentralized security solution that’s changing the security paradigm with blockchain.
Interlock is creating an ecosystem of community-driven security products and a threat intelligence network to protect web users and decentralized finance.
The company’s vision is to become an ungated threat intelligence platform that elevates global understanding of cybercrime and strengthens the world’s ability to battle online threats.
Interlock’s first product is a browser extension giving instant protection from browser-based threats while rewarding users for sharing anonymized browsing data. Join the movement by showing your interest.