Interlock launches ThreatSlayer Web3 security extension and incentivized crowdsourced cybersecurity community

[PRESS RELEASE – Fairfield, CT, USA, June 27th, 2024]

Incentivize customers to take part and share essential menace knowledge utilizing blockchain and Web3

interlock As we speak introduced the launch of Web3, an incentivized crowdsourced cybersecurity neighborhood designed to make the online safer for everybody, from people to international enterprises. As we speak the corporate additionally introduced the final availability of its flagship product globally Threaten killera Web3 safe browser extension that harnesses the facility of blockchain, synthetic intelligence, and a world consumer neighborhood to revolutionize on-line safety.

As we speak’s launch of the manufacturing model of ThreatSlayer follows a 12 months of beta testing with greater than 29,000 weekly energetic customers, 80% of whom are from exterior the USA. The neighborhood already consists of energetic members on X, Telegram and Discord.

Interlock’s CEO lately appeared on an entrepreneur’s “elevator pitch,” including to the thrill within the Web3 neighborhood. Curiosity in potential funding of $100,000.

Suitable with most main browsers, ThreatSlayer is free to download set up now. It instantly begins defending net customers from harmful web site URLs and scams, whether or not the malicious hyperlinks come from phishing, pretend promoting, search or looking. By working as a part of the browser, ThreatSlayer blocks malicious web sites earlier than they’ll trigger harm. It is particularly appropriate for early Web3 adapters and cryptocurrency lovers whereas serving to everybody remedy legacy issues in as we speak’s dangerous Web2 Web.

Combining the facility of crowds with synthetic intelligence to revolutionize community safety

Regardless of billions of {dollars} spent on current Web2 options, pushed by the necessity for more practical cybersecurity, Interlock was conceived to leverage Web3 know-how and encourage neighborhood menace intelligence to fight the continued phishing and Social engineering assaults to supply community safety designed for digital and cryptocurrency.

To reinforce ThreatSlayer’s safety with the very best menace intelligence accessible, Interlock rewards customers for sharing nameless safety knowledge. Whereas there is no such thing as a good safety answer, extra is safer, and constructing the world’s largest crowdsourced menace intelligence neighborhood is its revolutionary basis.

Equally revolutionary is the corporate’s groundbreaking use of blockchain and synthetic intelligence know-how in its platform.

Within the coming weeks, Interlock will launch its personal utility token $ILOCK, which will likely be used to pay out rewards and allow neighborhood members to make use of crypto tokens to facilitate rewards and safe staking, with customers incomes extra tokens to Repair menace detection when issues happen with Interlock. Consider it as a mix of PayPal scams and Twitter’s neighborhood comment-style censorship system. $ILOCK cash will likely be in Decidethe main Ethereum Layer 2 (L2) community with an enormous consumer base of 11.6 million Aleph Zero, a privacy-focused public blockchain platform. By making the $ILOCK token accessible on these platforms, Interlock gives customers with selection and enhances safety for all members whereas increasing its community.

Interlock’s roadmap

Interlock’s near-term product roadmap consists of ThreatSlayer on Mainent, Token Era Occasions (TGE) and Safe Staking.

The corporate’s plan to go public later this 12 months is to monetize the shared safety knowledge it collects within the $11 billion-a-year B2B menace intelligence market, making a first-of-its-kind crowdsourced menace intelligence platform. The corporate can even launch an enterprise model of its product throughout the subsequent 12 months.

In step with the very best practices of Web3 neighborhood leaders, Interlock may be very clear and gives a wealth of extra data on the web site and in GitHub’s Useful resource Middle.

“Interlock’s mission is to unravel legacy Web2 safety issues by harnessing the facility of Web3. Our distinctive method is completed by incentivizing customers to share safety data and use our safety instruments.” Led by ThreatSlayer, we’re Constructing a brand new period of cybersecurity that’s each efficient and inclusive. As we embark on this journey, we’re grateful for the assist of buyers who share our imaginative and prescient of a safer on-line world.

The corporate has raised $4.1 million in two oversubscribed $ILOCK non-public placements led by Outlier Ventures.

“We’re assured in our funding to assist Interlock’s mission to revolutionize Web3 safety,” mentioned Jamie Burke, founding father of Outlier Ventures. “The safety implications of self-sovereignty in Web3 are an not possible burden for many customers. ThreatSlayer is a straightforward ’s browser extension that protects people and lets them be part of a military of 29,000 customers to crowdsource menace intelligence and generate profits whereas they go.

How Interlock’s revolutionary ecosystem works

The Interlock ecosystem consists of ThreatSlayer, an online safety browser extension for customers; Galactus, a knowledge connection and open supply reward system; and Octahedron, a proprietary AI-powered menace detection instrument.

Inside the Interlock ecosystem, ThreatSlayer customers can choose incentives to constantly combination community exercise and transmit anonymized menace intelligence knowledge to Galactus.

Octahedron is on the coronary heart of Interlock’s know-how, which then makes use of this knowledge to establish, classify and even predict malicious community entities.

Octahedron is a sophisticated synthetic intelligence menace detection instrument designed to deal with the complexity of our on-line world and constantly updates ThreatSlayer to reinforce consumer safety. Leverage supervised studying SciKitLearn library, which is sweet at classifying objects, figuring out relationships, and predicting traits primarily based on historic knowledge. It makes use of Interlock’s proprietary resolution tree algorithm to guage web sites to establish potential threats and stop customers from getting into dangerous on-line areas.

Octahedron has been skilled on quite a lot of supplies, together with identified crypto scams, phishing hyperlinks, harmful URLs, malware, and so on. to make sure it has a eager perception into the issue. Octahedron is continually incorporating new knowledge from the neighborhood to evolve right into a more practical cybersecurity instrument.

Added dimensions, such because the presence of particular key phrases similar to “cryptocurrency” or “free cash,” evaluation of suspicious JavaScript features, detection of malicious code, and evaluation of web site area status and site visitors patterns, can enhance the accuracy of figuring out malicious web sites intercourse. As the dimensions of the octahedron will increase, so does its effectiveness in defending in opposition to line threats.

As this highly effective cybersecurity knowledge ecosystem thrives, Interlock’s blockchain infrastructure—the spine of operations—ensures consumer belief and system safety. Collectively, these parts seamlessly weave a coordinated system the place knowledge assortment, menace evaluation, and token rewards come collectively in a synchronized dance.

Interlock Respected Crew

Interlock CEO and co-founder Rick Deacon has an in depth background in cybersecurity, from hacking MySpace to constructing the subsequent technology of decentralized safety. Rick is the previous CEO of a Y Combinator-funded browser protection platform startup that offered its software program know-how to Coinbase, Gemini and Uber.

The corporate additionally advantages from the experience of two senior consultants, Ethan Johnson and Ajeet Khurana. Ethan has greater than a decade of expertise within the cybersecurity discipline, leveraging his experience in encryption structure and management design to form Interlock’s enterprise product technique. His safety roles at Citadel Securities, Galaxy Digital and BNY Mellon spotlight his experience in defending rising digital belongings.

“Not like many AI corporations that emerge in a single day, Interlock’s crew has been constructing and tweaking AI-based net looking safety for years,” mentioned Interlock guide Ethan Johnson. “I’m enthusiastic about how they make dangerous net looking extra Excited in regards to the potential for security.”

Ajeet is the founding father of Reflexical and brings a robust background to help Interlock in its mission to shut Web3 safety vulnerabilities. His earlier roles, together with CEO of India’s largest CEX and head of the Blockchain and Cryptocurrency Council, give him a singular perspective and experience on Interlock’s success.

“Interlock’s groundbreaking method to incentivizing safety combines the facility of synthetic intelligence with the collective energy of the gang,” mentioned Interlock guide Ajeet Khurana. “Within the realm of Web3 autonomy, safety issues are more likely to be overwhelming for many customers. Nonetheless, ThreatSlayer gives a singular answer via seamless integration of synthetic intelligence and neighborhood, permitting customers to simply establish threats and obtain rewards.

Be a part of the chain neighborhood

Customers who’re prepared to realize higher on-line safety and begin incomes rewards for looking can obtain ThreatSlayer now and turn out to be a part of the quickly rising Interlock neighborhood. To study extra about ThreatSlayer, the Interlock ecosystem, Web3, blockchain, tokenomics, and extra, go to our in depth useful resource library and you should definitely try our neighborhood Twitter, LinkedIn, Telegram and Discord. Customers are free to drop by, say whats up and ask questions.

About Interlock

interlock Pioneering the safety transformation inside Web3 with its synthetic intelligence-powered browser extension Threatslayer. Interlock has constructed a singular crowdsourced menace intelligence platform that protects customers from harmful web sites, pockets drains and scams, whereas rewarding and incentivizing them for sharing their materials. Interlock has greater than 30,000 weekly customers and a robust neighborhood of 79,000 folks, and is backed by $4.1 million in funding from an oversubscribed non-public placement led by Outlier Ventures.