Event Notification for Wallet Transactions

Attack Mechanism:

• Hackers exploit security vulnerabilities in compromised accounts to initiate unauthorized transactions, potentially leading to significant financial loss. These clandestine actions often remain undetected until considerable damage has been done.

SIM3 Solution:

• SIM3 deploys an advanced notification mechanism across all wallet transactions, substantially improving asset visibility and user governance. In the event of a security breach, users can swiftly employ the panic button feature, effectively mitigating the impact in collaboration with dApp responses facilitated by SIM3 integration.

How It Works:

• Blockchain Monitoring: Integrates with blockchain networks to monitor and report all wallet transactions in real-time.

• Customizable Alerts: Users can customize notification settings based on transaction types and thresholds, ensuring they're only alerted to significant activities.