In the rapidly evolving world of Web3, where digital assets and blockchain technology are becoming increasingly integral to global commerce, the need for robust security solutions is more critical than ever. Recognizing this, Relm Insurance, a leader in innovative insurance solutions, sought a partner who could offer advanced, real-time security capabilities to protect their clients from the sophisticated cyber threats endemic to the Web3 ecosystem.
This search led them to CyVers, a company whose cutting-edge technology and seamless integration made them the perfect match for Relm's VistaWEB3 crime insurance product.
Together, we are setting a new standard in digital asset protection.
Relm Insurance has built a reputation as a global leader in providing commercial insurance solutions for some of the most forward-thinking industries, including digital assets and Web3, AI, biotech, and the space economy. With a Financial Stability Rating of A from Demotech, Relm is trusted by companies pushing the boundaries of innovation for its reliability and deep industry expertise.
In the digital age, the risk of cyber threats has never been higher. For companies dealing with digital assets, threats such as suspicious funding activities, malicious contract deployments, smart contract vulnerabilities, flash loan attacks, and private key leakages pose significant risks. To mitigate these threats, Relm Insurance sought a partner capable of providing real-time, advanced solutions to secure their clients' digital assets.
CyVers stands out for its post-deployment monitoring of smart contracts, utilizing advanced algorithms that detect and prevent security issues in real-time, both on-chain and off-chain. This capability is crucial for maintaining the integrity and security of digital assets.
CyVers’ VigiLens platform integrates seamlessly with Relm’s VistaWEB3 product, providing enhanced digital asset protection and reducing risk profiles for clients. This synergy ensures that clients benefit from the most comprehensive security measures available.
Beyond simple monitoring, CyVers excels in proactive threat prevention, identifying threats and triggering response playbooks to provide robust defence against sophisticated cyber-attacks. This proactive approach is a game-changer in the Web3 insurance landscape.
CyVers' commitment to client satisfaction is evident in its ability to develop custom solutions swiftly. For example, we recently added a bulk address upload feature to accommodate the complex needs of Relm's clients. This adaptability and responsiveness make CyVers an outstanding partner for Relm.
Relm’s partnership with CyVers delivers tangible benefits for its clients, including reduced risk profiles and potentially lower premium costs. The enhanced security measures have been well-received, with clients expressing peace of mind and increased confidence in their digital asset protection.
"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. "By melding VistaWEB3, our market-leading crime insurance product, with Cyvers' best-in-breed technology, we continue to deliver best-in-class products for our Web3 clients."
Relm Insurance’s strategic partnership with CyVers is more than just a collaboration; it’s a significant advancement in the protection of digital assets within the Web3 space. By combining their strengths, Relm and CyVers are not only enhancing client security but also setting a new benchmark for proactive threat detection and prevention in the industry.
For more information, visit Cyvers.ai and RelmInsurance.com
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