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Strengthening Smart Contract Security: A Collaborative Approach by CredShields and Checkmarx

In a groundbreaking move, CredShields, a prominent player in Web3 security, has partnered with Checkmarx, a renowned leader in application security, to enhance smart contract security within enterprise application security (AppSec) frameworks. This collaboration aims to address the evolving security challenges posed by decentralized ecosystems, as traditional AppSec solutions struggle to keep pace with the rapid growth of decentralized finance (DeFi).

As the global application security market is projected to soar to $55 billion by 2029, the introduction of decentralized architectures is giving rise to new vulnerabilities that are particularly relevant in the Web3 space. Recent data has shown that nearly 50% of the most notable DeFi breaches can be traced back to flaws found in smart contracts. Alarmingly, losses attributed to hacks within the cryptocurrency domain have already exceeded $2.1 billion in 2025 alone, with expectations for this figure to continue rising. More concerning is the revelation that up to 89% of smart contracts harbor vulnerabilities, underscoring an urgent need for innovative security standards tailored to Web3 technologies.

Through this strategic partnership, Checkmarx has officially brought CredShields on board as its dedicated Web3 security partner. The collaboration leverages Checkmarx's enterprise-grade AppSec proficiency alongside CredShields' specialized knowledge in smart contract auditing, vulnerability analysis, and blockchain security research. This comprehensive approach empowers organizations to seamlessly integrate Web3 security measures into their existing DevSecOps programs, ensuring minimal disruption.

Shashank, the Co-founder of CredShields, stated, "This partnership represents a natural evolution in the AppSec landscape. Together with Checkmarx, we're delivering a seamless security layer that safeguards enterprise systems, decentralized applications, and smart contracts with the same rigor and intelligence."

The core focus areas of this partnership include:

1. Comprehensive Security Coverage: The collaboration aims to offer robust security for decentralized applications and smart contracts, including wallet protection.
2. AI-Assisted Vulnerability Detection: Implementing cutting-edge technology, CredShields will enhance vulnerability detection through automated and manual audits.
3. Global Security Framework Contributions: The partnership will actively contribute to global security initiatives, such as the OWASP Smart Contract Security Standards and the Smart Contract Top 10.
4. Enterprise Enablement: Organizations will receive guidance on how to effectively incorporate Web3 security into their existing DevSecOps pipelines.

Scott Sieper, Director of Product Management at Checkmarx, added, "As enterprises expand their digital presence into the Web3 realm, new attack surfaces inevitably emerge. By partnering with CredShields, we can apply our extensive AppSec knowledge to blockchain settings and assist organizations in innovating with confidence—all while adhering to the rigorous security standards our clients have come to expect from Checkmarx."

Ultimately, the collaboration between CredShields and Checkmarx is set to redefine the landscape of enterprise application security for the decentralized era. As organizations increasingly adopt blockchain technology, ensuring security and innovation can progress together becomes paramount. For more detailed information on how to secure code in the AI era, visit the Checkmarx website.

About CredShields

CredShields is an innovative Web3 security firm specializing in manual smart contract audits, AI-driven vulnerability assessments, and security automation across diverse blockchain ecosystems. As a contributor to the OWASP Smart Contract Top 10, CredShields aims to safeguard leading protocols and enterprises through comprehensive decentralized security solutions.