We certainly would not recommend credential verification be eliminated, but you can rest assured that your firm’s data is protected whether users need to log-in or not.
Threat actors have exploited a vulnerability in the SMS-based two-factor authentication (2FA) system implemented by the crypto exchange Coinbase to steal funds from more than 6,000 users.
According to a data breach notification letter filed with US state attorney general offices, the attackers with the knowledge of their username and password and phone number associated with the account, were able to steal funds bypassing the SMS-based authentication.
Coinbase had over 6,000 accounts breached due to a flaw in their 2FA verification process.
“Unfortunately, between March and May 20, 2021, you were a victim of a third-party campaign to gain unauthorized access to the accounts of Coinbase customers and move customer funds off the Coinbase platform. At least 6,000 Coinbase customers had funds removed from their accounts, including you.” reads the data breach notification letter.
“In order to access your Coinbase account, these third parties first needed prior knowledge of the email address, password, and phone number associated with your Coinbase account, as well as access to your personal email inbox.”
Attackers exploited a flaw in Coinbase’s SMS Account Recovery process to receive an SMS two-factor authentication token. Once discovered the campaign, the company updated its SMS Account Recovery protocols.
To us at BLAKFX, trying to keep attackers from data is a fool’s mission. Any attempt to utilize passwords, 2FA, bio metrics are meaningless. They might make it a bit tougher for attackers, but the end result is the same…once the breach occurs all your data can be stolen.
Credential verification does not protect data. Phishing attacks will continue and users or employees will continue to fall for them. What we can prevent though is the loss of any data when credential verification processes fail.
The Helix22 offers 100% data security on your firms data while it is at rest, in use or in transit. It also works on every CSP and on any device or in any programming language.
Here is how HELIX22 works.
BLAKFX provides Device-2-Device (D2D) Encryption with multi-patented DNA BindingTM cryptography that embeds with the data itself. The key exchange originates on an encrypted device (not in software or an app) and is augmented with a genuine “zero-knowledge” universal key server. The recipients device must have Helix22 installed in order to exfiltrate the data. Therefore, we offer perfect data security with 100% compliance, in your control, at all times. This of course is the optimal scenario. Your firm controls full control over access to your data sets at all time regardless of who is accessing your systems.
Helix22 is Quantum Immune – Start Your Integration on our Git
With Helix22, this means that data is protected on your infrastructure, on any device, in he cloud or on any network…and is 100% compliant. Also, it means that no other service provider or 3rd party will be able to access data or have it breached. Compliance is controlled also 100% by your frim as all the keys are in your possession and/or generated by the BLAKFX key serer, which is 100% zero-knowledge.
What we understand better than anyone else is the new era of data security is one that requires new solutions. At BLAKFX, we understand that protection of your data requires that it be protected wherever it is. Whether on the cloud, in transit on a foreign network or on a trusted suppliers system. Data security cannot just be about protecting your own systems. Therefore, we know that the era of perimeter defenses is over as it is proving impossible to keep hackers from breaching the perimeter and accessing data. Also, E2E encryption based on old models of RSA cryptography will be obsolete when quantum computing becomes more widespread.
Helix22 delivers perfect security assurance due to our genius engineering team that has invented a new model for data security that required an innovative look at the problem. The approach we took was to protect the data itself. Almost all other data security products attempt to build a perimeter or being fanatic on user credentials. However, once the product is breached or a password is stolen, even if it is 2FA or encrypted, your firms data is in the clear.
You see, the Helix22 cryptography is embedded with the data itself through our inventive and multi-patented process of DNA BindingTM. Therefore, even if credentials are stolen the data cannot be exfiltrated. This means that all data is 100% protected regardless of the type of attack.
Another substantial advantage of Helix22, is that it protects all data whether at rest, in use or in transit. All communication apps for example, only encrypt data while in transit. Therefore, that encryption become useless for internal IT security or Artificial Intelligence or Machine Learning experimentation. All data generated during these massive computing exercises is equally protected in real time. Plus, the latency period for the Helix22 is exponentially less than any other security product, so it actually contributes to faster processing times.
The Helix22 is easy to install and runs on all platforms, programming languages, networks and devices.
“In Math We Trust”
In this protocol, we are truly a “zero-knowledge” server so your private communications and transmissions remain completely top secret. Even in the event that BLAKFX were subpoenaed, we can honor the request by just handing over the encrypted content…as that is literally all we have. Helix22 also only use keys just one-time and then destroys them. This way the data security is future forward prefect. Therefore, in our unique user-to-user encryption (U2U) world, there is no opportunity ever for any data leak.
The Helix22 data security SDK accomplishes the following:
- Protects all your firms data at rest, in use and in transit
- Renders ransomware threats obsolete
- Eliminates human error
- Eliminates all malicious or interior attacks
- Verifies original content i.e. minimizes the threat of impersonation attacks and deep fakes
- Reduces latency and optimizes 5G networks
- Installs with 5 lines of code
- Runs on any platform, network, device and in any programming language
- Provides perfect future/forward secrecy
- Delivers “zero-knowledge” encryption
- Compatible with all cloud, 3rd party and vendor services
- Enables Internet of Things data security by providing protection at the Edge and ultra low latency
- Ensures privacy and security for blockchain and all cryptocurrency transactions
- Is quantum ready – so there’s no need to upgrade when the time comes
- Requires no employee training
- Exceeds all gov’t and banking security standards
- Meets all international compliance regulations
We can make all these claims as the tech engineers at BLAKFX invented and patented a genuine device2device (D2D) encryption. We manage data security transmission through the truly brilliant and also patented universal Helix22 key service. The Helix22 encryption originates on your network or device, not just when the app is opened. This means, that when data arrives to our key server, it is already encrypted so all it needs to do is issue another key. Signal and Telegram cannot claim this level of security. This key will then only work with the intended device, which generates a matching key required to open the data. In this protocol, we are truly a “zero-knowledge” server so your communications and transmissions remain completely top secret. Even in the event that BLAKFX were subpoenaed, we can honor the request by just handing over the encrypted content…as that is literally all we have. Helix22 also only use keys just one-time and then destroys them. This way the data security is future forward prefect. Therefore, in our unique device-2-device (D2D) world, there is no opportunity at all for any data leak.
This same protocol just described, can be the same with all your 3rd party vendors and suppliers. It does not matter in the least what platform they are running or what device they are using or even the type of data, it is all 100% protected. We do however, strongly advise that all firms involved be utilizing Helix22 due to the nature of the data content. Helix22 can ensure that whatever data they are generating is protected as well.
Let’s take it a step further. Even if your organization were a victim of phishing, an internal attack or a victim of malicious open source downloads, there is no reason for concern. Any data that has been forwarded, downloaded, copied or saved cannot be exfiltrated. Period. We have the technology industries foremost data packets which are protected with multi-layered, military grade encryption algorithms that have already proven the ability to withstand penetration testing from MI5 and quantum computing attacks.
One final practical genius of DNA BindingTM is in that it is immediately compatible with whichever system or software you are utilizing. Therefore, any organization can forward information to another and then discuss it and there is immediate privacy.
BLAKFX is Based on Success
Our founders, Robert Statica PhD and Kara Coppa, also founded Wickr, which is used by the US military and has never been hacked since its inception in 2012. The Helix22 data security SDK is several generations enhanced since then. Dr. Statica also delivered the encryption for the world’s most secure phone, Katim.
Founder – Robert Statica PhD Founder – Kara Coppa Founder – Alex Maslov MS, MBA
Co-Founders of Wickr KatimTM Ultra Secure Smartphone
Finally, the Helix22 encryption is quantum computing ready so no need to redo all your data security methodologies in a couple of years when everything else becomes obsolete.
We like to refer to Helix22 as “22nd Century Data Security.”
Helix22 – Zero Risk