The Good Tech Companies - Interlock Launches Web3 Security Extension And Incentivized Crowdsourced Internet Security Community

Episode Date: June 27, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/interlock-launches-web3-security-extension-and-incentivized-crowdsourced-internet-security-community. Uses blockchain and Web3 to incentivize users to participate and share essential threat data   Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #threatslayer, #chainwire, #press-release, #threatslayer-announcement, #blockchain-security, #ai, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. ThreatSlayer is a Web3 security browser extension that harnesses the power of blockchain, AI and a global community of users to revolutionize internet security. ThreatSlayer has 29,000+ weekly active users, 80% of whom are outside the United States. The community already includes active members on X, Telegram and Discord.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Interlock launches Web3 security extension and incentivized crowdsourced internet security community by Chainwire. Fairfield, CT, USA, June 27, 2024, Chainwire, Interlock, today announced a Web3 incentivized crowdsourced internet security community that aims to make the internet safer for everyone, from individuals to global enterprises. Today the company also announced the worldwide general availability of its flagship product ThreatSlayer, a Web3 security browser extension that harnesses the power of blockchain, AI and a global community of users to revolutionize internet security. Today's announcement of the Threat Slayer production version follows a year of beta testing by 29,000-plus weekly active users,

80% of whom are outside the United States. The community already includes active members on X, Telegram and Discord. Adding to the Web3 community buzz, Interlock's CEO recently appeared in Entrepreneur's Elevator Pitch, where he garnered interest in a potential investment of $100,000 from Mark Randolph, Netflix co-founder and former CEO. Ina broadcast viewed by 600,000 people. Compatible with most major browsers, Threat Slayer is available as a free download that installs instantly. It immediately begins protecting internet users from dangerous website URLs and scams, whether malicious links come from phishing, fake ads, search or browsing.

By working as part of the browser, Threat Slayer can block malicious sites before the damage is done. While helping everyone address the legacy problems in today's risk-ridden Web2 internet, it ISP-articulary well-suited to Web3 early adapters and cryptocurrency enthusiasts. Combining crowd power with AI to revolutionize Internet security born out of a need for more effective Internet security despite billions of dollars spent on existing Web2 solutions, Interlock was conceived to combat persistent phishing and social engineering attacks with Web3 technology and incentivized community threat intel to deliver internet cybersecurity designed for a digital and crypto-focused world. To power ThreatSlayer's protection with the best threat intelligence available,

Interlock rewards users for sharing anonymized security data. While no security solution is perfect, there is safety in numbers and building the world's largest community for crowdsourcing threat intel is fundamental to what makes it revolutionary. Equally revolutionary is the company's groundbreaking use of blockchain and AI technology in its platform. In the coming weeks, Interlock will introduce its own utility coin dollar iLock used to pay incentives and enable community members to use the crypto coins to facilitate rewards and security staking, where users can earn extra tokens for correcting Interlock's thread detection when it gets something wrong.

Think of it as a combined PayPal fraud and Twitter community note-style review system. The $ILOCK coin will be available on Arbitrum, the leading Layer 2, L2, network for Ethereum with a vast user base of 11.6 million and AllF0, a privacy-focused public blockchain platform. By making the $ILOCK coin available on these platforms, Interlock empowers users with choice and enhances security for all participants while expanding its network. Interlock's roadmap Interlock's near-term product roadmap includes ThreatSlayer on the mainnet, token generation event, TGE, and security staking. Later this year, the company's go-to market business plan is to monetize the shared

security data it is gathering in the $11 billion yearly B2B threat intel market, creating a first of its kind crowdsourced threat intelligence platform. The company will also introduce enterprise versions of its products during the coming 12 months. In keeping with the best practices of a Web3 community leader, Interlock is very transparent and offers a wealth of additional information in the resource center on the website and GitHub. Greater than, Interlock's mission is to solve legacy Web2 security issues by harnessing the greater than power of Web3. Our unique approach is made possible by incentivizing users to greater-than share security data and use our security tools, said Rick Deacon,

co-founder greater-than and CEO at Interlock. With Threat Slayer leading the charge, we're greater-than establishing a new era of cybersecurity that's both effective and inclusive. Greater-than as we embark on this journey, we're grateful for the support of our investors, greater than who share our vision for a safer online world. The company has raised $4.1 million in funding through two oversubscribed private sales of Dollar iLock led by Outlier Ventures. Greater than, we are very confident in our investment to support Interlock's mission to greater than revolutionize Web3 security, said Jamie Burke, founder of Outlier Ventures. Greater-than, the security implications of self-sovereignty in Web3 are an impossible greater-than burden for most users. Threat Slayer is a simple browser extension that

greater-than protects individuals and lets them join an army of 29,000 users to crowd greater-than-source threat intel and earn as they go. How Interlock's revolutionary ecosystem works The Interlock ecosystem comprises ThreatSlayer, the internet security browser extension for users, Galactus, the data nexus and open-source rewards system, and Octahedron, a proprietary AI-driven threat detection tool. In the Interlock ecosystem, ThreatSlayer users can opt-in for incentives to continually aggregate web activity and transmit anonymous threat intel data to Galactus. Octahedron, the heart of Interlock's technology, then uses the data to discern, classify and even predict malicious web entities. An advanced AI threat detection tool, Octahedron was designed

to navigate the complexities of cyberspace and continuously update threats layered to enhance its protection for users. Leveraging supervised learning from the Scikit-learn library, it excels in classifying objects, discerning relationships and predicting trends based on historical data. Using Interlock's proprietary decision tree algorithm, it evaluates websites to identify potential threats and prevent users from entering risky cyber territories. Octahedron has been trained with a variety of data, including known crypto scams, phishing links, dangerous URLs, malware and more, ensuring it has a sharp eye for trouble. Constantly fed with new data from the community, Octahedron continuously evolves into an ever more effective cybersecurity tool. The addition of dimensions, such as the presence of specific keywords like

cryptocurrency or free money, scrutiny of suspicious JavaScript functions, detection of malicious code and evaluation of a website's domain reputation and traffic patterns, enhance its accuracy in identifying malicious websites. As Octahedron's dimensions multiply, so does its effectiveness in safeguarding against online threats. As this robust internet security data ecosystem thrives, Interlock's blockchain infrastructure, the backbone of the operation, ensures user trust and systemic security. Together, these components seamlessly weave a harmonized system where data collection, threat analysis and token rewards converge in a synchronized dance.

Interlox reputable TeamInterlox CEO and co-founder Rick Deacon has an extensive background in cybersecurity from hacking MySpace to building the next generation of decentralized security. Rick was the former CEO of a browser defense platform startup funded by Y Combinator, who sold their software technology to Coinbase, Gemini and Uber. The company also benefits from the expertise of two senior advisors, Ethan Johnson and Ajit Khurana. With over a decade of experience in cybersecurity, Ethan shapes Interlox Enterprise product strategy, drawing from his specialization

in crypto architecture and control design. His security roles at Citadel Securities, Galaxy Digital and the Bank of New York Mellon underline his expertise in securing the emerging digital assets sector. Greater than, unlike a lot of AI companies that materialized overnight, Interlock's team greater than has been building and tuning AI-based web browsing protections for years, greater than said Ethan Johnson, Interlock advisor. I'm excited about their potential for greater than making risky web browsing safer. Greater than Ajit, founder of Reflexical, brings a robust background to assist Interlock greater than in its mission to bridge the security gap in Web3. His previous roles, greater than including CEO of India's largest CEX and head of the Blockchain and Cryptocurrency Committee, equip him with a unique perspective and expertise

greater than for Interlock's success. Greater than, Interlock's groundbreaking approach to incentivizing security combines the greater than strength of artificial intelligence with the collective power of the crowd, greater than said Ajit Karana, Interlock advisor. In the realm of Web3 self-sovereignty, greater than security concerns can be formidable for most users. However, Threat Slayer greater than offers a unique solution. By seamlessly integrating AI in the community, greater than users can identify threats and earn rewards effortlessly. Join the Interlock community user who are ready to get better internet protection and start getting rewarded for their browsing, can download Threat Slayer now and become a part of the fast-growing Interlock community. To learn more about Threat

Slayer, the Interlock ecosystem, Web3, blockchain, tokenomics and much more, visit our extensive resources library and be sure to check out our communities on Twitter, LinkedIn, Telegram, and Discord. Users can feel free to drop in, say hi and ASK questions. About Interlock Interlock pioneers the transformation of security within Web3 with its AI-powered browser extension, Threatslayer. Protecting users from dangerous websites, wallet drainers and scams, while also rewarding and incentivizing them to share data, Interlock fosters a unique crowdsourced threat intelligence platform. Interlock boasts 30,000-plus weekly users and a 79,000-strong community and is backed by $4.1 million in funding from oversubscribed private sales led by outlier

ventures. Contact Chloe Amante Montner Tech PR Camonte at montner.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.