Digital security can be a minefield. Whether you are looking to secure cryptocurrency wallets, safeguard smart contracts, or even protect centralized IT systems, reliable AI security solutions can be a game changer in 2024. This guide sets out the top tools to ensure both your digital assets and operations remain safe.
KEY TAKEAWAYS
• Top AI security solutions include Wallet Checker and Sentinel
• These solutions have an array of use cases appealing to individual users as well as organizations
• They extend beyond decentralized ecosystems and are effective across both web2 and web3
Top AI solutions you cannot ignore
Before we jump into the details, here is a quick list of the best AI solutions you will learn of in this piece.
- Wallet Checker: Assesses the security posture of cryptocurrency wallets
- Sentinel: Monitors crypto transactions and flags suspicious activities
- AGIS: Analyzes threat patterns and predicts cyberattacks as a code auditor
- CryptoGuard: Ensures secure crypto transactions as a security aggregator
- Darktrace: AI-driven cybersecurity solution that identifies threats.
- Vectra AI: Provides continuous monitoring and detection of network anomalies.
Let’s take a closer look at each.
1. Wallet Checker
Wallet Checker is a tool that analyzes the security of cryptocurrency wallets and provides a comprehensive report of the potential vulnerabilities. Users can pair their wallets and learn of any impending risk.
Use case
Ideal for crypto holders who want to ensure their wallets are secure. Users can connect their MetaMask wallet for a seamless experience.
Here is how the process works:
- Start by accessing the Wallet Checker by following this link.
- Once there, you can either connect your wallet or pick and feed any address you want to analyze.
Here is a demo run using the MetaMask wallet. Do note that you need to accept connecting to the AgentLayer testnet for the identification scenario to hold.
- After connecting, you can run a test. If everything looks correct, Wallet Checker will return a positive notification.
How Wallet Checker can be useful to you
Both beginners and experienced users can rely on Wallet Checker. Imagine you have received cryptocurrency from an unknown source and want to ensure it’s not linked to any suspicious activities. By connecting your MetaMask wallet or any other wallet address, you can analyze all relevant transaction history.
Above is Vitalik Buterin’s wallet address and his recently initiated transactions. Wallet Checker lets you copy each address and check whether everything aligns or if there are any red flags.
Agents like Wallet Checker can also help weed out unscrupulous wallet addresses, which are normally associated with phishing and other types of attacks.
For example, an attack on the Indian crypto exchange, WazirX, in July 2024 saw $230 million of user funds stolen by hackers, representing around 45% of the CEX’s total reserves. Such events highlight the market need for comprehensive tools like Wallet Checker, which can help users ensure they are not interacting with stolen funds or even putting their own funds at risk.
2. Sentinel
Sentinel is a blockchain watchdog that keeps an eye on all on-chain transactions within the decentralized ecosystem. Using advanced AI and real-time monitoring, Sentinel spots any suspicious activity or potential threats.
Here is a quick snapshot of how it works when a token address is supplied:
Use case
Perfect for active traders and institutions needing continuous surveillance of their transactions to prevent fraud. This AI security solution is also useful if you plan to get involved in ICOs.
When linked with a trading account, Sentinel detects unusual transaction patterns and immediately alerts the user, preventing potential fraud attempts. You can also interact with this AI watchdog to get prompt alerts and actionable insights.
How Sentinel can be useful to you
As an investor, you can quickly track the wallet addresses to see if they have ever been associated with scams. For instance, wallet address 0x9876a5bc27ff511bf5da8f58c8f93281e5bd1f21 was associated with malware that changed copied wallet addresses and resulted in losses of $490,713. This could be backtraced using Sentinel.
3. AGIS
AGIS is an AI-powered blockchain code auditing assistant designed to help developers ensure the security of their smart contracts. It supports any blockchain programming language, allowing users to input segments of their code for analysis.
As for its features, the AI security solution offers:
- Code auditing
- Real exploit analysis
- Double check of detected vulnerabilities
- Built-in chat functionality to break down code discussion
Use case
Ideal for blockchain developers who want to ensure their smart contracts are secure before deployment.
Developers can input their smart contract code, and AGIS will analyze it, highlighting any security flaws and suggesting improvements. Thus, potential exploits can be prevented, and contract security can be ensured.
How AGIS can be useful to you
Imagine you are a developer working on a new decentralized finance (DeFi) application. To ensure your smart contract is secure, you can use AGIS to audit the code for vulnerabilities. Below is a buggy code example that AGIS can help identify:
function withdraw(uint _amount) public {
require(balances[msg.sender] >= _amount);
(bool success, ) = msg.sender.call{value: _amount}(“”);
require(success);
balances[msg.sender] -= _amount;
}
This code is specific to a reentrancy attack, when a smart contract makes an external call to another contract before updating its own state, allowing malicious reentry and repeated actions like withdrawals. Here’s what AGIS identifies:
4. CryptoGuard
If you are in the market for an all-inclusive web3-focused AI security solution, ChainGPT’s CryptoGuard may be of interest. The solution offers end-to-end protection against phishing, malware, and other cyber threats within the web3 space. You can also use the tool as a browser extension.
CryptoGuard’s top features include:
- Web3 antivirus
- Phishing site blocker
- Malware detection
- Smart contract risk score
- Support for multiple chains: Polygon, Binance Smart Chain, and Ethereum
Use case
Users can install the CryptoGuard extension on their preferred browser (Chrome, Opera, Brave, Edge) for real-time protection and risk analysis of crypto transactions and interactions. The tool then helps prevent scams and fraud by providing timely alerts and detailed security assessments.
Here is how CryptoGuard can be useful to you:
Let’s consider a scenario where you frequently trade NFTs and interact with various decentralized applications (DApps).
You receive an email that appears to be from a popular NFT marketplace offering a limited-time promotion. The email contains a link that, when clicked, takes you to a site posing as the mentioned legitimate marketplace. However, it is actually a phishing site designed to steal your credentials.
How CryptoGuard assists:
- CryptoGuard detects the phishing attempt and blocks the site, preventing you from leaking any sensitive information.
- You receive an immediate alert about the suspicious site, allowing you to avoid the scam.
5. Darktrace
Less of a solution and more of a company, Darktrace leverages self-learning AI to provide comprehensive protection across various digital environments. It proactively detects, analyzes, and responds to cyber threats in real-time, adapting to threats with minimal human intervention.
Some of Darktrace’s key features include:
- Active AI support
- Comprehensive coverage focused on endpoints, emails, cloud setups, and more
- Self-learning AI
Use case
Ideal for businesses of all sizes seeking adaptive cybersecurity solutions that integrate with existing infrastructure.
How DarkTrace can be useful
DarkTrace safeguards IT solutions and infrastructure. Here are some examples of how the protection element works.
Orion Office REIT saw an incident where over 1GB of data was attempted to be uploaded to a generative AI tool. Darktrace detected this abnormal activity and prevented the data leakage.
Similarly, the 2022 FIFA World Cup in Qatar faced multiple cyber threats targeting critical infrastructure and sensitive data. Darktrace was assigned to protect the event from cyber-attacks, with stakeholders relying on its AI capabilities to monitor and secure the digital environment in real-time.
6. Vectra AI
The last solution on this list offers advanced cybersecurity solutions using AI-driven Attack Signal Intelligence. Vectra AI can detect, prioritize, investigate, and respond to cyber threats in real time. Additionally, it offers extended detection and response (XDR) capabilities, covering network, identity, cloud, and SaaS environments.
The XDR (Extended Detection and Response) feature collects security data from various sources like networks, cloud services, and user identities to give a complete view of potential threats. This helps organizations spot issues faster and respond more effectively, keeping their systems safe from attacks.
Use case
Vectra AI detects unusual patterns of internal reconnaissance (observation) and credential abuse. The platform correlates these activities, alerting the security team to a coordinated attack. The AI security solution works across hybrid cloud environments, delivering precise, actionable threat intelligence that security teams can use to respond swiftly.
Here is how Vectra AI can be useful
While you now know how Vectra AI can help, here is a real-world example of the tool’s threat mitigation in action.
The SUNBURST attack, associated with the SolarWinds breach, was one of history’s largest supply chain attacks. Attackers planted a backdoor in SolarWinds’ Orion software, which was then distributed to numerous organizations, including government agencies and Fortune 500 companies.
Vectra AI identified the hidden C2 (command and control) activity within the network by analyzing cloud and network metadata. This early detection was crucial in keeping the attack exposure to a minimum and preventing further data breaches.
Why discuss web3 and web2 security solutions together?
In addition to securing digital assets, AI security solutions also provide peace of mind to users and developers by ensuring their transactions and smart contracts are safe from malicious activities. Notably, the utility of AI security solutions extends beyond the web3 space. Platforms like Darktrace and Vectra AI showcase AI-driven cybersecurity measures that are equally critical for traditional web2 environments.
By integrating AI into their security frameworks, organizations can enhance their resilience against cyber threats regardless of their digital domain. As these organizations can (and likely will) eventually venture into the web3 space in some manner, the overlap of web2 tools with web3 security solutions can help create a more secure and integrated digital future.
Frequently asked questions
What are AI security solutions?
How to choose the best AI security solutions?
What’s the difference between a web2 and web3 AI security solution?
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