Group-IB Will Ensure The Cybersecurity of The Abyss — The World’s First DAICO

Group-IB, an international company specializing in preventing of cyberattacks and the development of information security products, signed a partnership agreement with The Abyss project, owned by the Destiny.Games video game company. Group-IB will ensure the cybersecurity of The Abyss brand during its DAICO, the world’s first initial coin offering based on the innovative decentralized fundraising model. The start of The Abyss’ DAICO scheduled for March 7, 2018.

Destiny.Games is to conduct the Token Sale of The Abyss – a next-generation digital distribution game platform – to raise funds needed for the development and launch of the game portal. The initial coin offering will be based on the innovative DAICO model, which has no analogues in the world.

To protect The Abyss’ DAICO, the Group-IB specialists will be constantly (24/7) monitoring more than 3,000,000 resources, including databases of phishing sites, domain names, online shops, aggregators and bulletin boards, social networks, mobile application stores, contextual advertising, etc. With the help of the unique high-tech BrandProtection complex, a special attention will be paid to the crypto industry’s popular messengers, such as Telegram: violations, references, illegal links or wallets oriented at the company’s DAICO will be monitored.

Cyberattacks are one of the main threats that companies’ and ICO projects’ websites are exposed to nowadays. The number and scale of the attacks on crypto industry projects are increasing from month to month – phishing sites are created at daily basis and scammers are active as nobody. The losses resulting from these attacks may reach tens of millions of dollars. Since our project has a crowdsale mechanism in its heart, securing the comprehensive and complex protection from cyberattacks is of high priority to us. The contributors’ money is not the thing that we can afford to expose to risk. We’re working in the crypto industry, where decision speed is several times higher than in any other business, and we are implementing a project with unique architecture (DAICO), and our goal is to minimize any possible risks. Therefore, the security of our IT infrastructure is supported by Group-IB solutions that allow to identify and neutralize the threat at an early stage.

Konstantin Boyko-Romanovsky

Founder of The Abyss

The idea of DAICO, combining the best features of the ICO and DAO (Decentralized Autonomous Organizations), was proposed by Vitalik Buterin, the founder of the Ethereum blockchain, earlier this year, in order to protect contributors’ money and fight the fraud in the crypto industry.

By maintaining a trustworthy relationship within its community, The Abyss team plans to improve the DAICO voting process, which will allow token holders to control the withdrawal of funds by the developers, and will also provide an option to vote for refund of the remaining funds in case The Abyss team fails to reach the DAICO goals. The involvement of Group-IB experts (who have a significant experience of working with crypto projects that are moving towards their ICOs), was an additional measure of security for the community and The Abyss brand.

We are proud that Destiny.Games has chosen us to protect the world’s first DAICO project. The team made a number of steps to protect its contributors – community members, as well as public relations with investors, and minimize the risks of fraud during DAICO, such as phishing, domain substitution, illegal use of the project’s brand for criminal purposes, and attacks on the project’s co-owners and community members. The Abyss is an example of a responsible approach to conducting the Token Sale, which many crypto projects are still lacking.

Ruslan Yusufov

Director for Special Projects, Group-IB

About Group-IB

Founded in 2003 and headquartered in Singapore, Group-IB is a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime. Combating cybercrime is in the company’s DNA, shaping its technological capabilities to defend businesses, citizens, and support law enforcement operations.

Group-IB’s Digital Crime Resistance Centers (DCRCs) are located in the Middle East, Europe, Central Asia, and Asia-Pacific to help critically analyze and promptly mitigate regional and country-specific threats. These mission-critical units help Group-IB strengthen its contribution to global cybercrime prevention and continually expand its threat-hunting capabilities.

Group-IB’s decentralized and autonomous operational structure helps it offer tailored, comprehensive support services with a high level of expertise. We map and mitigate adversaries’ tactics in each region, delivering customized cybersecurity solutions tailored to risk profiles and requirements of various industries, including retail, healthcare, gambling, financial services, manufacturing, crypto, and more.

The company’s global security leaders work in synergy with some of the industry’s most advanced technologies to offer detection and response capabilities that eliminate cyber disruptions agilely.

Group-IB’s Unified Risk Platform (URP) underpins its conviction to build a secure and trusted cyber environment by utilizing intelligence-driven technology and agile expertise that completely detects and defends against all nuances of digital crime. The platform proactively protects organizations’ critical infrastructure from sophisticated attacks while continuously analyzing potentially dangerous behavior all over their network.

The comprehensive suite includes the world’s most trusted Threat Intelligence, The most complete Fraud Protection, AI-powered Digital Risk Protection, Multi-layered protection with Managed Extended Detection and Response (XDR), All-infrastructure Business Email Protection, and External Attack Surface Management.

Furthermore, Group-IB’s full-cycle incident response and investigation capabilities have consistently elevated industry standards. This includes the 77,000+ hours of cybersecurity incident response completed by our sector-leading DFIR Laboratory, more than 1,400 successful investigations completed by the High-Tech Crime Investigations Department, and round-the-clock efforts of CERT-GIB.

Time and again, its solutions and services have been revered by leading advisory and analyst agencies such as Aite Novarica, Gartner®, Forrester, Frost & Sullivan, KuppingerCole Analysts AG, and more.

Being an active partner in global investigations, Group-IB collaborates with international law enforcement organizations such as INTERPOL, EUROPOL and AFRIPOL to create a safer cyberspace. Group-IB is also a member of the Europol European Cybercrime Centre’s (EC3) Advisory Group on Internet Security, which was created to foster closer cooperation between Europol and its leading non-law enforcement partners.