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Home News

Kerberus Acquires Fire to Boost Security

September 24, 2024
Reading Time: 2 mins read
in News

Kerberus Cyber Security, Inc. has acquired Fire, a Web3 security company, enhancing its Sentinel3 software with new features. This acquisition expands Kerberus’ user base by 20x, solidifying its position in Web3 security. The integration of Fire’s transaction translation capabilities into Sentinel3 will bolster its scam detection and prevention features, providing users with superior protection in the evolving blockchain space.

In a strategic move, Kerberus has also partnered with Fairside to offer industry-first coverage on Web3 transactions. This coverage offers up to $30,000 in reimbursement for asset losses due to malicious transactions, extendable to 100 ETH. The coverage applies to users who have Sentinel3 Pro active, with no warning pop-ups displayed during transaction scans.

Kerberus’ Sentinel3 software now boasts a 99.9% detection rate, blocking scam sites in real-time, while the new coverage boosts protection further by compensating users for losses that would otherwise go unprotected. With this combination of real-time detection and post-incident coverage, Kerberus is setting a new standard for Web3 security, addressing a major gap where many users face theft of crypto assets.

Additionally, the Sentinel3 software offers other advanced security features, such as on-chain protection, social media impersonation detection, and emergency event alerts for Web3 incidents. With these innovations, Kerberus is making Web3 security more accessible and reliable for users, ensuring better protection against emerging threats.

 

Reference:

  • Kerberus (Formerly MintDefense) Acquires Fire, Launches Sentinel3 with Transaction Coverage from $30,000 to 100 ETH

Tags: acquisitionsCyber NewsCyber News 2024Cyber threatsFireKerberus Cyber Security IncSeptember 2024Web3 security company
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