When it comes to protecting your crypto investments, time is of the essence. When an attack happens, it’s important to be able to detect it before the damage is done. Attackers are working hard to be stealthy, but if you can catch an attack early on, your cyber security team can quickly stop it before it causes any real harm. This is why various techniques like honeypots can be so helpful.
A honeypot is a fake network system that lures attackers into revealing their identity and the tools they’re using to carry out attacks. It’s an effective way to divert malicious traffic away from your critical systems, gain insight into attacker tools, tactics and procedures (TTPs) and gather forensic evidence without putting the rest of your infrastructure at risk.
While there are several different types of honeypots, the ones we’re most interested in are those designed to mimic common attack vectors like SMTP, SQL injection and Web application attacks. They’re also known as low interaction honeypots, because they don’t require a full-fledged operating system and are much less risky to set up than their high-interaction counterparts.
As such, they’re the ideal choice for small to medium-sized businesses and individual users who want to protect their crypto investments. Low interaction honeypots are highly flexible and relatively easy to set up, as they’re typically based on virtual machines that don’t make significant demands on hardware or software. You can even use old computers to run these honeypots, further reducing costs and the amount of in-house effort needed to get them up and running.
The most popular honeypot detector is CoScanner’s Honeypot Detector, which flags potentially dangerous contracts in the Ethereum ecosystem. Its patented extra checks (not available anywhere else) make it far more reliable than other tools that rely solely on transaction data to spot scams. As an added bonus, the Honeypot Detector feature tracks and analyzes a token’s history to determine if it’s been used in rugpulls, Ponzi schemes, terrorism financing, spam or theft.
To protect their investments, cryptocurrency enthusiasts need a tool that can scan for the latest and greatest scams and traps, as well as provide a thorough analysis of each token’s code. The Varonis Crypto Stack can do just that, enabling you to create custom alerts that trigger whenever someone accesses a honeypot or similar detection resource. These alerts can then be analyzed in the context of Varonis audit and forensics capabilities to determine whether that activity is innocuous or concerning.
The beauty of this approach is that it allows you to proactively investigate and respond to an intrusion before the attack actually takes place. Varonis’ alerts are triggered when an attacker accesses any detection resources within your environment, so you can immediately respond to the threat — or even prevent the real attack from happening in the first place. Learn more about this powerful approach in our free webinar. Simply register for a convenient date and time, and you’ll be on your way to safer crypto investments.