Risk Score
Know your risk, secure your future. Protecting yourself and your assets starts with understanding your level of risk.
Last updated
Know your risk, secure your future. Protecting yourself and your assets starts with understanding your level of risk.
Last updated
Powered by Webacy's proprietary algorithms, machine learning models, and blockchain security data - our Risk Score analyzes various behavioral signals, ingests multiple data sources, and incorporates many detection endpoints for a continuously evolving risk profile.
The following key data points are included in determining your wallets' level of vulnerability:
Wallet age
Transactional activity
Interaction with smart contracts
Details of smart contracts
Approvals
Assets owned
Associated wallet risk (for example, if another wallet you interact with regularly becomes compromised, the system may flag those transactions as risky moving forward)
Publicly restricted wallet address lists
...and much, much more
In your Webacy dashboard, you may notice that each transaction is tagged with an individual "transaction risk." While it may seem like this is a primitive, the transaction risk score is derived from multiple risk points: address risk of the main account, the account it's interacting with, and in some cases, the asset that is being interacted with between the two.
After running your initial wallet "scan," you'll notice a "Low," "Medium," or "High" appear in the upper left of your dashboard. This is your wallet's overall risk, and is derived from scanning, calculating, and interpreting every transaction in the wallet's history.
Clicking on any transaction in the dashboard will open a drop-down, exposing more information regarding the transaction risk. On the right-hand-side, you'll notice a column for "Issues." Each flagged issue will have a short description under each transaction.
Clicking on any transaction in the dashboard will open a drop-down, exposing more information regarding the transaction risk. On the left-hand-side, you'll notice a column for "Recommendations."
You can view the risk of each individual asset (tokens and NFTs) in your wallet from the dashboard. If you find a high risk asset, the best course of action is likely to not interact with it.
When you transact on chain, you often need to grant permission to other addresses to spend your token and NFTs. These allowances are often necessary, but can sometimes be overreaching, or even malicious.
You can view your open approvals, and their associated risk, directly from the Webacy dashboard. You can also revoke these approvals through Webacy Revoke.
