Malware Intelligence Software Rewards Users With Tokens for Data Sharing

Shared data will help create tools to prevent malware attacks, like “an Internet-wide neighborhood watch”

article-image

Blockworks Exclusive art by axel rangel

share

key takeaways

  • Users who install the browser plug-in will be rewarded with “nectar” tokens
  • Large corporations are currently the only ones collecting this type of data

Cybersecurity marketplace PolySwarm has launched a browser plug-in that allows its customers to earn its native token nectar (NCT) while surfing the internet.

Polyswarm uses crowdsourcing to identify threats for its enterprise customers including Microsoft, Verizon and eBay. The new plug-in will give PolySwarm access to customer data that can then help the company create tools to prevent malware attacks.

Steve Bassi, PolySwarm’s founder and CEO, told Blockworks he created the cybersecurity marketplace for himself and other security experts to earn “more revenue from detection tools that were previously going unused.”

“My team and I kept building individual detection tools for engagements…but they just sat on a shelf after the engagement,” he said.

“We built PolySwarm so these tools, and many others built by security experts around the world, would be useful detecting the same malware from the same bad guys, but for a broader audience and accessible in one place,” Bassi said.

The latest extension NectarNet asks users to contribute their unique vantage points on the Internet and add to the 500k-1M malware samples that PolySwarm already produces. The plugin can be installed on Chrome, Brave and Firefox and users must register it to their PolySwarm account. 

Bassi said that the data collected can help determine what malicious domain name an IP address was paired with in a specific part of the world and at a specific time. 

“This information can tell the cybersecurity pro a lot more about a specific malware infection and the attack infrastructure behind it,” he said. “By submitting this DNS data as a NectarNet user browses, they sort of serve as an Internet-wide neighborhood watch.”

Large corporations including Comcast, CloudFare and Google are the only companies that are currently collecting this type of data. 

“Users don’t get paid for their data even if it is helpful,” Bassi said.

“NectarNet rewards users for contributing this data and amps up the reward when it connects with some malware intel our customers are really interested in.”

At the time of writing, PolySwarm’s NCT token currently has a market capitalization of about $28 million and is trading at $0.018

“Users should be excited because it’s really the first time we’re paying normal Internet users for their cyber security-relevant data,” Bassi said. “Passive DNS data sets are getting harder to access as the big companies centralize them and/or make them too expensive for small to midsize cybersecurity teams to afford.”


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

AERODROME TEMPLATE.png

Research

Aerodrome is a "MetaDEX" that combines elements of various DEX primitives such as Uniswap V2 and V3, Curve, Convex, and Votium. Since its launch on Base, it has become the largest protocol by TVL with more than $495M in value locked, doubling Uniswap's Base deployment.

article-image

The SEC has signaled a timeline to issuers that could lead to a July 23 launch for the ETH funds, people close to the process told Blockworks

article-image

PayPal has unequivocally made a name for itself as a crypto adopter among fintech giants

article-image

Also, a look into how the highly-debated SAB 121 could end up shaking out for crypto custodians

article-image

Vance, an Ohio Republican, is largely seen as crypto-friendly

article-image

Plus, all the world is green as prices across the crypto space rally, with solana reaching a nearly two-week high

article-image

Investors add to crypto positions after “turnaround in sentiment due to lower-than-expected CPI,” CoinShares research head says