RISKS
Operational failure
Guard against operational business risks and boost credibility and user adoption.
£18.9 billion evaporated in 2022 due to ops failure.
Coincover protects against
Internal bad actors
When a full-time, permanent employee of your firm deliberately and maliciously uses their login credentials to steal assets belonging to your customers. This does not include third-party contractors.
Exit scams
The theft of your deposits (provided they are held in assets we protect) in a cryptocurrency project as a result of a sudden cessation of trading of said project without notification or reason by the company. This does not include sitautions of bankruptcy or insolvency (please see associated risks for coverage details), and action involving criminal investigative services, or a scneario where the wallet technology has failed or access to the wallet has been withdrawn by rhe wallet provider.
Insolvency crypto asset access
If your company ceases trading and client assets become inaccessible as a reult. If you go out of business, we have a 90-day contractual commitment to recover funds.
Internal bad actors
When a full-time, permanent employee of your firm deliberately and maliciously uses their login credentials to steal assets belonging to your customers. This does not include third-party contractors.
Exit scams
The theft of your deposits (provided they are held in assets we protect) in a cryptocurrency project as a result of a sudden cessation of trading of said project without notification or reason by the company. This does not include sitautions of bankruptcy or insolvency (please see associated risks for coverage details), and action involving criminal investigative services, or a scneario where the wallet technology has failed or access to the wallet has been withdrawn by rhe wallet provider.
Insolvency crypto asset access
If your company ceases trading and client assets become inaccessible as a reult. If you go out of business, we have a 90-day contractual commitment to recover funds.
Other risks mitigated by Coincover
- One platform
- Basic alerts
- Quarterly reporting
- 96 hour recovery SLA
- Ransomware
- Lost seed phrase
- 2FA back up
- Damaged or stolen device
- Wallet provider / Custody failure
- Up to 3 platforms
- Custom alerts
- Monthly reporting
- Proof of protection certificate
- 48 hour recovery SLA
- Whaling
- Sim swap
- Fat finger (mistyped address)
- Spear phishing
- Man in the middle
- Internal bad actors
- Brute force attack
- Biometric security failure
- Multi-factor security failure
- Up to 5 platforms
- Advanced alerts
- Live reporting
- Proof of protection certificate
- 24 hour recovery SLA
- Exit scams
- Human error
- Social engineering
- Address poisoning
- Supply chain hacks
- Account takeover (ATO)
- Staked key assets access
- Insolvency crypto assets access