Relm Insurance, a leading speciality insurance carrier with operations in the UAE, announced a venture with CyVers, a leading Web3 cybersecurity and threat insights provider, to deliver comprehensive and real-time protections for its client base.
The CyVers platform addresses complex security challenges such as scams, fraud, and compliance threats unique to Web3.
The platform features a comprehensive monitoring system that proactively alerts clients to malicious activities, offers risk mitigation via multiple threat vectors, and provides tailored solutions based on idiosyncratic needs.
“Securing access to real-time wallet and smart contract monitoring, among other threats, creates a tangible value add for our partners and ultimately lowers the insured’s risk profile,” said Christian Davies, Global Head of Distribution and Innovation at Relm.
The addition of CyVers technology will better protect Relm clients from security risks including suspicious funding, malicious contract deployment, smart contract vulnerabilities, flash loan attacks and private key leakage.
Additionally, the technology flags and prevents scams such as suspicious approvals, blacklist interaction, rug-pull and zero transfer attack.
The new feature for Relm clients comes on the heels of a recent product launch dedicated to the crypto community with a Web3 product suite, catering to every facet of the ecosystem.
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