3 Ways the Wallet Guard Integration Makes MetaMask More Secure

According to the 2024 Crime Report by Chainalysis, over $1.7 billion worth of crypto was stolen from users through scams in 2023 alone. This follows $3.7 billion in 2022 and over $3 billion in 2021. The permissionless nature of web3 makes securing users in real-time complex, as a result, hacks and scams are still a big problem and as the industry continues to grow, these scams pose a serious threat to both existing users and those new to the space.

Recently acquired by Consensys, Wallet Guard is a user-centric security platform featuring a browser extension, security dashboard, and MetaMask Snap that keeps users’ wallets, digital assets, and data safe from theft, scams, and fraud. This acquisition is a key part of MetaMask’s ongoing commitment to protecting our users against ever-evolving threats and building a secure ecosystem ready to welcome the next generation of web3 users.

Since the acquisition, the Wallet Guard team has integrated with the MetaMask team, bringing their wealth of experience in building robust security solutions. Together, they’re adding new layers of protection to MetaMask, making it much harder for scammers and hackers to target MetaMask customers and helping to prevent hacks and scams before they even happen.

Here are three ways this integration will make MetaMask even more secure for our users:

1. Enhanced security through core technology integration

The integration of Wallet Guard’s core technology directly into MetaMask will significantly elevate the wallet's security standards offering an additional layer of security to users when interacting with dapps and smart contracts across the web3 ecosystem. It will also complement and enhance existing security measures by continuing to leverage third-party security providers like Blockaid. MetaMask is aggregating the best services into one solution to protect its end users.

2. Comprehensive protection throughout the user lifecycle

With the Wallet Guard team’s extensive expertise now part of MetaMask, security enhancements will extend beyond just dapp interactions. This means that every aspect of the user’s journey within MetaMask—from key management to asset protection—will be strengthened. Whether a user is creating a new wallet, storing private keys, or managing digital assets, MetaMask’s advanced security protocols will protect against potential threats. This approach reduces risks and provides a more secure environment for all web3 activities.

3. More confidence for users and faster responses to threats

By integrating Wallet Guard, MetaMask will enhance its ability to provide users with real-time security insights, offering clearer visibility into the safety of their transactions. With Wallet Guard’s proven expertise in detecting and blocking malicious activities, MetaMask users can have greater confidence in managing their transactions. Additionally, Wallet Guard’s threat detection capabilities enable MetaMask to identify and address vulnerabilities more quickly, helping to notify users and provide them with remedial actions.

Looking ahead

MetaMask is putting security first and taking it up a notch by acquiring Wallet Guard. Over the next few months, you can expect significant security enhancements as MetaMask sets new standards for wallet security across the entire ecosystem. Stronger security in wallets will not only help expand the ecosystem but also keep users engaged by making it easier and safer to interact with the permissionless environment. Keep your customers protected by encouraging them to use MetaMask, the most secure wallet available.