Web3 protection platform introduces improved detection mechanics in latest update

cointelegraph.com:

Web3 implies the transition of data from servers controlled by centralized entities to community-driven decentralized infrastructures. Every major transformation is a gradual process with many challenges and can be exploited by malicious actors. The same is true for Web3, which is plagued with social engineering attacks and security breaches as it advances toward a cohesive global infrastructure.

As per Chainalysis’ latest crypto crime report, 2022 was a record year for crypto and Web3 hackers, with $3.8 billion stolen from various crypto projects — mostly decentralized finance protocols such as bridges. While scam revenue dropped by 46% compared to 2021, it’s still a matter of concern.

Web3 needs security tools to accelerate adoption while keeping users protected against hackers and scammers. Thankfully, the industry already has some robust security tools that can make the Web3 journey much safer. One good example is Web3 Antivirus, a browser extension that protects users from malicious smart contracts and phishing sites while keeping scammers away.

The tool audits smart contracts behind all transactions to detect dangerous logic, vulnerabilities and compromising permissions to access user funds. It also analyzes tokens and simulates transactions to ensure a riskless outcome.

Web3 Antivirus’ level of protection is continually improving thanks to constant upgrades. At the end of March 2023, the team added several new features to enhance security. Some of them are:

The shift toward Web3 brings numerous security challenges, making it crucial for users to adopt robust security tools. Web3 Antivirus is a good example, as it offers a comprehensive defense against a variety of threats. With constant upgrades, the extension now