“Most Web3 security tools currently available have complex user interfaces and hard-to-understand messaging, which doesn’t help users,” said Yao. Seed phrase phishing attacks are one of the most common ways of compromising Web3 credentials, resulting in losses of millions of dollars.Īs part of the checks, Web3 Guard scans web pages for telltale signs of exploit, such as common phishing keywords and properties, without compromising users’ privacy or personal data. Phishing attacks often target users’ seed phrases and private keys - some of the most essential parts of any crypto wallet, which can be used to gain full access to a user’s digital assets. This check will help users assess whether a Dapp has been compromised or has been set up to trick users into trusting it.Īnother feature is the Seed Phrase Phishing Check, designed to safeguard users from so-called seed phishing attacks. This includes checking whether it contains suspicious code, was created by a malicious owner, or if it has been audited. But how do you know if a given Dapp is safe to use? One of the main components of Web3 Guard is Dapp Check, which scans for known security risks associated with decentralized applications (Dapps). You can browse Dapps as easily as accessing any Web2 website with the Opera Crypto Browser. Guarding against malicious Dapps and phishing attacks “With this release, we make a big leap forward with dedicated security features that enable people to use Web3 applications in a safer way.” ![]() “The current browsers most people use today are not built to handle the complexity of Web3,” said Danny Yao, Senior Product Manager at Opera. Recent data from Solidus Labs shows that 15 new crypto scams are observed every hour. Serious network hacks and scams have resulted in roughly $4.3 billion in cryptocurrency funds vanishing into thin air in 2022. These features are available today in the Opera Crypto Browser, vastly improving security for its users.Ĭrypto has had a particularly tough year with numerous frauds and attacks resulting in record losses for cryptocurrency investors. Oslo, Norway – 15th December 2022 – In what has been the most challenging environment for Web3 in years, Norwegian browser company Opera (NASDAQ: OPRA) is making the exploration of Web3 safer than ever with the launch of Web3 Guard – a suite of browser security features designed to bulletproof the browsing experience for Web3 users. The suite of new features from the world’s first native Web3 browser helps users guard against suspicious Websites and Dapps, seed phrase phishing attacks, and malicious wallet addresses. ![]() Opera launches “Web3 Guard” to make web browsing safer for crypto users
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