Bridging AppSec Expertise with Web3 Specialization
CredShields, a leading web3 security firm, is partnering with Checkmarx, a global leader in agentic AI-powered application security testing. This collaboration aims to integrate CredShields’ AI-powered smart contract audits, vulnerability research, and blockchain security tooling into Checkmarx’s leading application security platform.
The application security market is experiencing rapid acceleration, with projections indicating it will reach US $55 billion by 2029. Concurrently, the decentralized ecosystem remains vulnerable, with nearly half of the largest Decentralized Finance (DeFi) hacks originating from smart contract flaws. In 2024 alone, over US$2.4 billion has been stolen from crypto platforms.
Given that research suggests as many as 89% of smart contracts contain vulnerabilities, enterprises venturing into Web3 must adopt Web3-native security standards, moving beyond reliance on legacy Application Security (AppSec) frameworks.
Enhanced Web3 Security for Enterprises
Through this agreement, Checkmarx is incorporating CredShields as a Web3 security partner to offer its customers expanded support within the decentralized ecosystem. The partnership merges Checkmarx’s leadership in enterprise AppSec with CredShields’ specialized expertise in smart contract auditing, vulnerability assessment, and blockchain security research. This empowers enterprises to gain immediate access to specialized Web3 security guidance and services as they broaden their reach beyond traditional applications.
“This partnership represents a natural evolution in the AppSec landscape,” said Shashank, Co-founder of CredShields. “Together with Checkmarx, we’re delivering a seamless layer of security that protects enterprise systems, decentralized applications, and smart contracts with the same rigor and intelligence.”
Key Focus Areas of the Partnership
- •Comprehensive security coverage for decentralized applications, smart contracts, and wallets.
- •AI-assisted vulnerability detection and manual audits powered by CredShields’ proprietary systems.
- •Joint contributions to global security frameworks, including collaboration with OWASP for Smart Contract Security Standards and the Smart Contract Top 10 vulnerabilities, as well as the Ethereum Foundation.
- •Enterprise enablement, providing Checkmarx clients with a clear pathway to integrate Web3 security into their existing DevSecOps pipelines.
“As enterprises extend their digital footprint into Web3, new attack surfaces emerge,” said Scott Sieper, Director of Product Management at Checkmarx. “Partnering with CredShields enables us to bring our deep AppSec expertise to blockchain environments and help organizations innovate with confidence while maintaining the same rigorous security standards they’ve come to expect from Checkmarx.”
Redefining Enterprise AppSec for the Decentralized Era
Checkmarx and CredShields are committed to redefining enterprise AppSec for the decentralized era. Their objective is to ensure that innovation and security advance in parallel as organizations increasingly adopt blockchain technology at scale.
About CredShields
CredShields is a Web3 security firm that specializes in manual smart contract audits, AI-powered vulnerability detection, and security automation tools tailored for blockchain ecosystems. As a contributor to the OWASP Smart Contract Top 10, CredShields has a proven track record of safeguarding leading protocols and enterprises, offering comprehensive decentralized security solutions.