Blackmoon Financial Group, established by Oleg Seydak (co-founder of Flint Capital) and Ilya Perekopsky (former vice president of Vkontakte), concluded a cooperation agreement with Group-IB, provider of solutions for early cyber threats identification.
Group-IB will provide support to Blackmoon in managing cyber security risks. The company has already launched Blackmoon Crypto project — a platform for tokenization of investment funds. The counselling program includes comprehensive audits of the project technology infrastructure protection, recommendations for improvement of information security policies and practices, availability of Group-IB solutions for security perimeter control, as well as investigation of incidents. The assessment of compliance with recommendations and of preparedness for new attack types will be provided through regular Red Teaming of industry relevant real-life attacks scenarios.
Blockchain technology ensures unprecedented transparency and security of transactions. Public offering of tokens (or ICO) provides a modern blockchain-based alternative to crowdfunding, and it offers numerous opportunities for the development of startups market and launch of new projects. In 2017, more than $1.7 billion has been raised through ICO .
However, there is also a downside: because the transactions are anonymous, cyberattacks against ICO have recently become widespread. According to Chainalysis , hackers have managed to steal 10% of all ICO-invested funds in Ethereum in 2017. General damage has reached $225 million, on average, each of 30 000 investors have lost about $7 500. Among ICOs suffered from cyberattacks are The DAO (one third of $150 million lost because of the vulnerability in software), CoinDash (website hack resulted in theft of $7 million) and other high-profile attacks. According to experts, the adoption of comprehensive measures could have helped avoiding those losses.
CEO, Blackmoon Crypto