Interlock today announced a Web3, incentivized crowdsourced
internet security community that aims to make the internet safer
for everyone, from individuals to global enterprises. Today the
company also announced the worldwide general availability of its
flagship product ThreatSlayer, a Web3 security browser extension
that harnesses the power of blockchain, AI and a global community
of users to revolutionize internet security.
Today’s announcement of the ThreatSlayer production version
follows a year of beta testing by 29,000+ weekly active users, 80%
of whom are outside the United States. The community already
includes active members on X, Telegram and Discord.
Adding to the Web3 community buzz, Interlock's CEO recently
appeared in Entrepreneur’s “Elevator Pitch,” where he garnered
interest in a potential investment of $100,000 from Marc Randolph,
Netflix co-founder and former CEO, in a broadcast viewed by 600,000
people.
Compatible with most major browsers, ThreatSlayer is available
as a free download that installs instantly. It immediately begins
protecting internet users from dangerous website URLs and scams,
whether malicious links come from phishing, fake ads, search or
browsing. By working as part of the browser, ThreatSlayer can block
malicious sites before the damage is done. While helping everyone
address the legacy problems in today’s risk-ridden Web2 internet,
it is particularly well suited to Web3 early adapters and
cryptocurrency enthusiasts.
Combining Crowd Power with AI to Revolutionize Internet
Security
Born out of a need for more effective internet security despite
billions of dollars spent on existing Web2 solutions, Interlock was
conceived to combat persistent phishing and social engineering
attacks with Web3 technology and incentivized community threat
intel to deliver internet cybersecurity designed for a digital and
crypto-focused world.
To power ThreatSlayer’s protection with the best threat
intelligence available, Interlock rewards users for sharing
anonymized security data. While no security solution is perfect,
there is safety in numbers and building the world’s largest
community for crowdsourcing threat intel is fundamental to what
makes it revolutionary.
Equally revolutionary is the company’s groundbreaking use of
blockchain and AI technology in its platform.
In the coming weeks, Interlock will introduce its own utility
coin $ILOCK used to pay incentives and enable community members to
use the crypto coins to facilitate rewards and security staking,
where users can earn extra tokens for correcting Interlock’s threat
detection when it gets something wrong. Think of it as a combined
PayPal fraud and Twitter community note style review system. The
$ILOCK coin will be available on Arbitrum, the leading Layer 2 (L2)
network for Ethereum with a vast user base of 11.6 million and
Aleph Zero, a privacy-focused public blockchain platform. By making
the $ILOCK coin available on these platforms, Interlock empowers
users with choice and enhances security for all participants, while
expanding its network.
Interlock’s Roadmap
Interlock’s near-term product roadmap includes ThreatSlayer on
the Mainent, Token Generation Event (TGE) and Security Staking.
Later this year, the company’s go-to-market business plan is to
monetize the shared security data it is gathering in the $11
billion yearly B2B threat intel market, creating a
first-of-its-kind crowdsourced threat intelligence platform. The
company will also introduce enterprise versions of its products
during the coming 12 months.
In keeping with the best practices of a Web3 community leader,
Interlock is very transparent and offers a wealth of additional
information in the resource center on the website and GitHub.
“Interlock’s mission is to solve legacy Web2 security issues by
harnessing the power of Web3. Our unique approach is made possible
by incentivizing users to share security data and use our security
tools,” said Rick Deacon, co-founder and CEO at Interlock. “With
ThreatSlayer leading the charge, we're establishing a new era of
cybersecurity that's both effective and inclusive. As we embark on
this journey, we're grateful for the support of our investors, who
share our vision for a safer online world."
The company has raised $4.1 million in funding through two
oversubscribed private sales of $ILOCK led by Outlier Ventures.
“We are very confident in our investment to support Interlock’s
mission to revolutionize Web3 security,” said Jamie Burke, founder
of Outlier Ventures. “The security implications of self sovereignty
in Web3 are an impossible burden for most users. ThreatSlayer is a
simple browser extension that protects individuals and lets them
join an army of 29,000 users to crowd source threat intel and earn
as they go.”
How Interlock’s Revolutionary Ecosystem
Works
The Interlock ecosystem comprises ThreatSlayer, the internet
security browser extension for users; Galactus, the data nexus and
open-source rewards system; and Octahedron, a proprietary AI-driven
threat detection tool.
In the Interlock ecosystem, ThreatSlayer users can opt-in for
incentives to continually aggregate web activity and transmit
anonymous threat intel data to Galactus.
Octahedron, the heart of Interlock’s technology, then uses the
data to discern, classify and even predict malicious web
entities.
An advanced AI threat detection tool, Octahedron was designed to
navigate the complexities of cyberspace and continuously update
ThreatSlayer to enhance its protection for users. Leveraging
supervised learning from the SciKit-learn library, it excels in
classifying objects, discerning relationships and predicting trends
based on historical data. Using Interlock’s proprietary Decision
Tree algorithm, it evaluates websites to identify potential threats
and prevent users from entering risky cyber territories.
Octahedron has been trained with a variety of data, including
known crypto scams, phishing links, dangerous URLs, malware and
more, ensuring it has a sharp eye for trouble. Constantly fed with
new data from the community, Octahedron continuously evolves into
an ever more effective cybersecurity tool.
The addition of dimensions, such as the presence of specific
keywords like "cryptocurrency" or "free money," scrutiny of
suspicious JavaScript functions, detection of malicious code and
evaluation of a website's domain reputation and traffic patterns,
enhance its accuracy in identifying malicious websites. As
Octahedron's dimensions multiply, so does its effectiveness in
safeguarding against online threats.
As this robust internet security data ecosystem thrives,
Interlock’s blockchain infrastructure, the backbone of the
operation, ensures user trust and systemic security. Together,
these components seamlessly weave a harmonized system, where data
collection, threat analysis and token rewards converge in a
synchronized dance.
Interlock’s Reputable Team
Interlock’s CEO and co-founder Rick Deacon has an extensive
background in cybersecurity from hacking MySpace to building the
next generation of Decentralized Security. Rick was the former CEO
of a browser defense platform startup funded by Y Combinator, who
sold their software technology to Coinbase, Gemini and Uber.
The company also benefits from the expertise of two senior
advisors, Ethan Johnson and Ajeet Khurana. With over a decade of
experience in cybersecurity, Ethan shapes Interlock's enterprise
product strategy, drawing from his specialization in crypto
architecture and control design. His security roles at Citadel
Securities, Galaxy Digital and the Bank of New York Mellon
underline his expertise in securing the emerging digital assets
sector.
“Unlike a lot of AI companies that materialized overnight,
Interlock's team has been building and tuning AI-based web browsing
protections for years," said Ethan Johnson, Interlock Advisor. “I'm
excited about their potential for making risky web browsing
safer.”
Ajeet, founder of Reflexical, brings a robust background to
assist Interlock in its mission to bridge the security gap in Web3.
His previous roles, including CEO of India's largest CEX and Head
of the Blockchain and Cryptocurrency Committee, equip him with a
unique perspective and expertise for Interlock’s success.
“Interlock’s groundbreaking approach to incentivizing security
combines the strength of artificial intelligence with the
collective power of the crowd,” said Ajeet Khurana, Interlock
Advisor. “In the realm of Web3 self sovereignty, security concerns
can be formidable for most users. However, ThreatSlayer offers a
unique solution. By seamlessly integrating AI and the community,
users can identify threats and earn rewards effortlessly.”
Join the Interlock Community
If you are ready to get better internet protection and start
getting rewarded for your browsing, download ThreatSlayer now and
become a part of the fast-growing Interlock community. To learn
more about ThreatSlayer, the Interlock ecosystem, Web3, blockchain,
tokenomics and much more, visit our extensive resources library and
be sure to check out our communities on Twitter, LinkedIn, Telegram
and Discord. Feel free to drop in, say hi and ask questions.
About InterlockInterlock pioneers the
transformation of security within Web3 with its AI-powered browser
extension, Threatslayer. Protecting users from dangerous websites,
wallet drainers and scams, while also rewarding and incentivizing
them to share data, Interlock fosters a unique crowdsourced threat
intelligence platform. Interlock boasts 30,000+ weekly users and a
79,000-strong community and is backed by $4.1 million in funding
from oversubscribed private sales led by Outlier Ventures.
Media ContactChloe AmanteMontner Tech
PRcamante@montner.com
Photos accompanying this announcement are available
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