Rivet, a blockchain gateway provider, repelled the Denial of Service attack by a vastly larger organization thanks to its technology innovations and team ethos
Blockchain gateway provider Rivet, a Draper Goren Holm portfolio company, announced that they successfully defended against a week-long, persistent denial of service attack conducted by a security research group based out of a prestigious north-eastern university in the United States. This event and Rivet’s response to it represents the critical importance of strong security in the blockchain space and demonstrates in practice Rivet’s commitment to infrastructure that just works.
“Rivet’s technological innovations and our commitment to a high quality of service ensured that we survived these attacks with minimal disruption,” says Austin Roberts, CEO at Rivet. “Conventional Ethereum infrastructure would have buckled under these attacks.”
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At the height of the COVID-19 pandemic, the Rivet team defended against cyberattacks executed by well-organized hackers.
- During a week-long barrage of attempted hacks day and night, the attacker changed techniques to circumvent preventative measures as the team put them in place
- The attacks were traced to the university’s security lab
- The professor in charge of the lab claimed that his lab was a “group of international academic researchers and ethical hackers” who intended “to discover bug/design flaws of your services and to facilitate mitigation design,”
- The researchers never sought permission or disclosed their findings until after they were identified and confronted by the Rivet team
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