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TechnologyDecember 11, 2024

Station70 and Cyvers launch Secure Signer

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Adam HealyStation70

Cyvers, a leading security platform specializing in AI powered real time threat detection and prevention, and Station70 have announced a strategic partnership to address the escalating threat of access control breaches in institutional digital asset transactions.

Together they introduce Secure Signer, the first transaction security solution tailored for institutions of all sizes, designed to counter the surge in attacks targeting wallet and transaction signing systems.

The problem

In the last two years, access control attacks have surged. Wallet hacks are responsible for 80% of stolen funds across cybersecurity incidents, a staggering $4 billion in losses. The recent $50 million breach at Radiant Capital underscored vulnerabilities in wallet and signing systems, while the $235 million WazirX hack revealed how attackers manipulate external displays to trick users into signing fraudulent transactions.

The solution

Secure Signer integrates Station70’s hosted cosigner service with Cyvers’ advanced real time threat detection engine, giving Fireblocks wallet users globally a seamless deployment option that proactively simulates and validates every transaction for security risks before it reaches the blockchain.

This dual layered approach gives institutions greater control over signing processes while ensuring transactions are legitimate, monitored, and threat proofed, without adding operational complexity.

Our partnership with Cyvers is essential for achieving parity in security capabilities across the industry. By combining Cyvers’ real time threat intelligence with Station70’s cosigner technology, we provide institutions with a streamlined path to advanced transaction security.
Adam Healy, CEO, Station70
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