Ethereum Development Proposals Laid Out By Vitalik Buterin

MyEtherWallet, the most popular Ethereum wallet has recorded more hack attempts than all major banks in the world combined.

According to a cybersecurity company Segasec, they have been defending MyEtherWallet from other potential malicious attacks. They assure that these attacks don’t really come as a surprise since the value of Ethereum tokens reached incredible highs.

New strict security measures need to be implemented for improved safety to private keys and login tools.
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Segasec says that since the beginning of the task, it took down more than 300 active attacks which are 30 attacks per week on average. The bad part is that the attacks don’t seem to decrease. The founder of Segasec, Elad Schulman, says that these statistics put MEW among the top companies that are the most exposed to a blow like this. According to him, this platform was targeted significantly many more times than other big names in the industry.

The founder of MyEtherWallet, says that the partnership with Segasec is focused at securing the platform and to make sure that the safety of their Ethereum tokens is at a high level.

 “We want our users to feel safe and we will do everything we can to make that happen, so partnering with Segasec is another major step towards safeguarding our users from malicious actors.”

Protection against threats like these is usually handled by a total takedown of the malicious platform or blocking them. Segasec at the moment is monitoring more than 3,000 suspicious domains in case they turn out to be legitimate attacks.