NFT fraud: The Sandbox uses a cybercrime company


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98 shares, 58 points


shielding – The Sandbox is collaborating with a cybersecurity company that will monitor the web, in order to neutralize potential threats that could attack the non-fungible tokens (NFT) of users of the metaverse.

An anti-phishing shield for The Sandbox

The Sandbox wants to bring serenity to its metaverse. The company appealed to BrandShield servicesto improve asset security in its NFT community, by identifying “ faster » and eliminating « phishing attacks and various online threats » from malicious actors, according Sébastien Borget, Operations Director of The Sandbox.

BrandShield scans the web to detect and combat phishing threats and dishonest actions that infringe brands. In March and April alone, He would have succeeded in remove 120 phishing sites and 58 fake accounts on social media, impersonating The Sandbox.

A professional therefore keeps an eye on things, but The Sandbox also plans to educate its users on methods of preventing fraud.

We must provide best practices and guidelines for our players and creators so that they can remain vigilant against all external threats »

Sebastien Borget

A climate of insecurity for NFTs

Does The Sandbox take excessive measures, compared to the actual level of threat to NFTs? Recent Bored Ape Yacht Club (BAYC) hacks reveal hackers’ increased interest in non-fungible tokens, and their ability to exploit the smallest loopholes to siphon off their victims’ assets.

Yuga Labs, BAYC’s parent company, also issued during the month of July, an alert to the possibility of a coordinated attack imminent, which would target the NFT community. Hackers would use compromised social media accounts to carry out their strikes.

The Sandbox has managed to attract many well-known brands like Playboy to its virtual lands. Ransom of fame, the presence of these renowned entities in the metaverse makes the platform and its community particularly attractive to hackers. The company must therefore be extra careful and invest intelligently in its security to protect its users.

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