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With increasing cyber threats, protecting your crypto holdings is paramount. Ledger Live implements robust security measures, including two-factor authentication, to safeguard your investments.
Last updated
With increasing cyber threats, protecting your crypto holdings is paramount. Ledger Live implements robust security measures, including two-factor authentication, to safeguard your investments.
Last updated
As we delve into this chapter, it’s important to note that, for security reasons, we’re only disclosing a subset of the extensive monitoring activities for the Ledger Recover service. While we stand by our commitment to transparency, we also recognize the importance of maintaining discretion around the details of the internal controls and monitoring for operational security.
At Ledger, security is our priority. It’s at the core of our solutions, which are built on robust cryptographic protocols as detailed in our Ledger Recover whitepaper. But our work continues beyond the creation of secure systems. We constantly monitor and assess our operations, looking for any suspicious activities. This continuous vigilance strengthens our security stance, ensuring we’re always ready to respond.
Let’s explore some examples of our multi-layered approach:
Monitoring Administrator Activities: We enforce stringent access control for our administrators. Not only do we require 2FA (Two-Factor Authentication) for all administrative connections to our infrastructure, but we also mandate multiple-person validation for administrator infrastructure access on critical parts of the system. Furthermore, our systems meticulously log and track every administrative activity. These logs are cross-referenced automatically with our internal ticketing systems to detect any unplanned actions. This cautious correlation enables us to promptly alert our security teams about any unusual or suspicious behavior, reinforcing our operational security.
Cross Control Among Backup Providers: Transparency and accountability form the basis of the relationships between the backup providers, Ledger, EscrowTech and Coincover. We’ve established a real-time exchange of logs used for system monitoring and security. This enables cross-verification of activities. If any inconsistency is detected, the service is immediately locked to protect users’ assets.
Overseeing Exceptional Release Activity: The rare instances of manual share releases are meticulously controlled through a multi-quorum process as we explained in the previous section. After the execution of the Exceptional Release Activity, Ledger Recover systems proceed with comprehensive monitoring, including detailed logging and analysis of the parties involved, time of operation, and other relevant details. This process, involving both the multi-quorum execution and the post-action monitoring, ensures that the exceptional release of shares is tightly controlled at all stages of the decision-making process.
Leveraging Security Information and Event Management (SIEM): The SIEM solution forms a crucial part of the Ledger Recover monitoring strategy. This dedicated SIEM enhances the ability to identify and respond to potential security issues in real-time. It’s fine-tuned to identify a variety of Indicators of Compromise (IoCs) based on cluster and Ledger Recover application logs, thanks to specific detection rules specifically developed for the Ledger Recover service. If a custom IoC is detected, a response is automatic and immediate – the entire cluster is locked until a thorough analysis is conducted. In the Ledger Recover service, confidentiality is prioritized over availability of the service to ensure the utmost protection of users’ assets.
In the dynamic landscape of cybersecurity, we have strategized and prepared for various scenarios. Our threat model accounts for the unlikely situation where multiple infrastructure administrators from different backup providers might be compromised. With rigorous safeguards and automatic responses in place, the Ledger Recover service aims to ensure the continued security of users’ assets even in such extraordinary circumstances. In the following section, we’ll outline the comprehensive response measures built to tackle such hypothetical situations.
With the Ledger Recover service, an Incident Response strategy has been built, collaboratively designed with the three backup providers. A central part of this strategy are automatic safeguards that immediately lock the entire system upon detecting suspicious activity in any part of the infrastructure.
In essence, an “always secure, never sorry” protocol has been engineered into the Ledger Recover service. Security is the number one priority, and it’s a commitment that will never be compromised on.
While we continuously strive to provide a seamless user experience to onboard the next 100 million people into Web3, we will never hesitate to activate these safeguards, effectively locking down the entire Ledger Recover service, if a potential threat arises. In our mission to protect, the choice between running a potentially compromised service and ensuring ultimate security is clear – we choose security.
