Relm Insurance Partners with CyVers to Enhance Web3 Security

Relm Insurance (“Relm”), a leading specialty insurance carrier for emerging and innovative industries, has announced a new venture with CyVers, a prominent Web3 cybersecurity and threat insights provider. This collaboration aims to deliver comprehensive and real-time protections for Relm’s client base.

The CyVers platform is designed to tackle complex security challenges specific to Web3, such as scams, fraud, and compliance threats. It features an extensive monitoring system that proactively alerts clients to malicious activities, offers risk mitigation through multiple threat vectors, and provides customized solutions based on individual needs.

“Securing access to real-time wallet and smart contract monitoring, among other threats, creates tangible value for our partners and ultimately lowers the insured’s risk profile,” said Christian Davies, Global Head of Distribution and Innovation at Relm. “By integrating VistaWEB3, our market-leading crime insurance product, with CyVers’ advanced technology, we continue to deliver the most relevant products for our Web3 clients.”

The addition of CyVers technology will enhance protection for Relm clients against various security risks, including suspicious funding, malicious contract deployment, smart contract vulnerabilities, flash loan attacks, and private key leakage. The technology also flags and prevents scams such as suspicious approvals, blacklist interactions, rug-pulls, and zero transfer attacks.

“Our alliance with Relm Insurance and their VistaWEB3 crime insurance product underscores the growing importance of robust cybersecurity and threat mitigation in the Web3 domain,” said Deddy Lavid, CEO and Co-Founder of CyVers. “Together, we are setting new standards in protecting digital assets and providing real-time threat detection, ensuring that Relm’s clients can operate with confidence in the rapidly evolving Web3 space.”

Specialized products that Relm clients can access include:

– **VigiLens**: real-time cross-chain threat intelligence
– **AddressShield**: real-time monitoring and detection of proprietary and third-party addresses
– **CyVers SOC**: proactive threat detection and incident response
– **Address Due Diligence**: real-time screening of wallets and smart contracts for risk assessment and mitigation

This partnership between Relm Insurance and CyVers marks a significant advancement in securing the Web3 space, providing clients with the tools needed to navigate and mitigate emerging threats effectively.