19 February 2018

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

Ruslan Yusufov

Director for Special Projects, Group-IB

Group-IB is one of the leading providers of solutions dedicated to detecting and preventing cyberattacks, identifying online fraud, investigation of high-tech crimes and intellectual property protection, headquartered in Singapore. The company’s threat intelligence and research centers are located in the Middle East (Dubai), the Asia-Pacific (Singapore), Europe (Amsterdam), and Russia (Moscow).

Group-IB’s Threat Intelligence & Attribution system has been named one of the best in class by Gartner, Forrester, and IDC. Group-IB’s Threat Hunting Framework (earlier known as TDS) intended for the proactive search and the protection against complex and previously unknown cyberthreats has been recognized as one of the leaders in Network Detection and Response by the leading European analyst agency KuppingerCole Analysts AG, while Group-IB itself has been recognized as a Product Leader and Innovation Leader. Gartner identified Group-IB as a Representative Vendor in Online Fraud Detection for its Fraud Hunting Platform. In addition, Group-IB was granted Frost & Sullivan’s Innovation Excellence award for its Digital Risk Protection (DRP), an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks with the company’s patented technologies at its core.

Group-IB’s technological leadership and R&D capabilities are built on the company’s 18 years of hands-on experience in cybercrime investigations worldwide and 70,000 hours of cybersecurity incident response accumulated in our leading forensic laboratory, high-tech crime investigations department, and round-the-clock CERT-GIB. Group-IB is a partner of Europol.

Group-IB’s experience in threat hunting and cyber intelligence has been fused into an ecosystem of highly sophisticated software and hardware solutions designed to monitor, identify, and prevent cyberattacks. Group-IB’s mission is to fight high-tech crime while protecting our clients in cyberspace and helping them achieve their goals. To do so, we analyze cyber threats, develop our infrastructure to monitor them, respond to incidents, investigate complex high-tech crimes, and design unique technologies, solutions, and services to counteract adversaries.

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