First shopper safety expertise protects in opposition to theft and loss

CARDIFF, Wales, February 21, 2022–(BUSINESS WIRE)–Coincover, a supplier of safety for cryptocurrency, right this moment introduced that it has made its market-leading crypto safety expertise obtainable to particular person crypto pockets holders. Offering safety in opposition to lack of entry and theft, Coincover’s preventative expertise is backed by an insurance coverage coverage positioned with sure Underwriters at Lloyd’s of London. With this new provide, Coincover is making it safer for current and new particular person crypto buyers to enter the digital foreign money market.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/house/20220221005038/en/

Coincover presents the world’s solely safety expertise in opposition to theft and loss for private cryptocurrency wallets that’s backed by insurance coverage from underwriters at Lloyd’s of London. (Picture: Enterprise Wire)

In response to latest information1, hackers stole a report $14 billion in cryptocurrency in 2021 and losses from crypto-related crime rose 79 p.c from 2020, as a consequence of a rise in theft and scams.

Coincover’s Private Cryptocurrency Safety is a set of applied sciences that defend, safe and recuperate digital property. Their proprietary Hack Checker expertise identifies suspicious exercise, which incorporates unauthorized transactions throughout digital wallets and analyzes buyer transactions to guard cryptocurrency customers. The Seed Phrase Vault answer ensures people can recuperate entry to funds in case of catastrophe, enterprise failure, or lack of entry.

The expertise underpinning Coincover’s Private Cryptocurrency Safety relies on the identical expertise Coincover makes use of to guard its 200+ company prospects’ digital property, which embrace many international cryptocurrency exchanges and pockets suppliers. Final 12 months, Coincover checked and validated over $10 billion price of transactions.

“Right now, the most important barrier to the widespread adoption of cryptocurrencies is a scarcity of satisfactory safety. This barrier has slowed the adoption of digital currencies, and is one thing we’re addressing at Coincover,” mentioned David Janczewski, CEO at Coincover. “Coincover’s Private Cryptocurrency Safety will present peace of thoughts for our prospects and allow many extra people to enter the market. Our mission is to make cryptocurrency secure for everybody to carry and use. With out a strategy to defend cryptocurrency property and their buyers, the market won’t attain its full potential.”

For extra info concerning Coincover’s Private Cryptocurrency Safety, go to www.coincover.com.

About Coincover
Coincover’s proprietary expertise helps forestall and defend in opposition to theft, fraud and lack of crypto property. The Coincover answer is backed by unique insurance coverage protection offered by sure Underwriters at Lloyd’s of London to present prospects reassurance and peace of thoughts. www.coincover.com

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1 NBC Information: https://www.nbcnews.com/tech/safety/crypto-scammers-took-record-14-billion-2021-rcna11192

View supply model on businesswire.com: https://www.businesswire.com/information/house/20220221005038/en/

Contacts

Julia Giona
[email protected]
+44 (0) 2920 001 220

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