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Cyber Security

AnChain.AI and Bitquery Launch First Blockchain Forensics Engine for…

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“Providing affordable access to investigative tools is essential to securing the legitimacy of this industry.” – Victor Fang, CEO & Co-Founder, AnChain.AI

AnChain.AI and Bitquery today announced the official roll out of their groundbreaking Compliance Investigation Security Operations (CISO™) real-time investigative platform. CISO is the most powerful and accessible blockchain forensics engine available on the market, combining AnChain.AI’s real-time intelligence and behavior-based machine learning with Bitquery’s Coinpath® technology to enable both enterprise customers and the greater digital asset community to map, trace, and explore complex transactional relationships with its intuitive interface and AI-powered labeling system.

Per the Financial Action Task Force (FATF), money laundering compromises an estimated 2–5% of global GDP and up to $2 Trillion USD annually, of which cryptocurrency is a quickly-growing component. CISO’s streamlined user interface is specifically designed to empower end-to-end investigation of such illicit activity, tracing compromised funds from the point of acquisition, through advanced obfuscation techniques, mixers, and wallet jumps, and to their eventual attempted liquidation. Utilized in the investigation of the 2020 Twitter Hack, crypto-laundering maneuvers utilized by such criminal actors are easily mapped in a matter of minutes, laying bare any attempts to cash out ill-gotten Bitcoin.

“As mainstream adoption brings a wave of new users to the digital asset economy, it is more critical than ever to safeguard the cryptocurrency industry against scams, ransomware, darknet markets, sanctioned individuals, and other forms of illicit activity,” said Victor Fang, CEO & Co-Founder of AnChain.AI. “Cryptocurrencies, a new asset class, is the first protocol layer of the internet that anyone can buy a piece of. A new era that brings a lot of challenges and trust issues between participants of this market. This is the reason we are focusing on delivering and visualizing the only truth, the on-chain truth of each transaction backed by mathematics.” said Dean Karakitsos, CEO & Founder of Bitquery.

Utilizing AI and proprietary machine learning, CISO creates a comprehensive, labelled roadmap of transactional relationships in a matter of minutes, enabling users to identify critical entities in the money-laundering process, detect the participation of whale wallets, and monitor suspicious addresses on a continuous basis with customizable alerts. Each and every address receives a score based on both its full transaction history and predictive analysis of its behavior, signalling the potential for future illicit activity.

Bringing greater transparency to the blockchain is critical to the digital asset ecosystem, and with the introduction of CISO the firms hope to democratize the field of blockchain forensics, putting industry-grade investigative firepower in the hands of the community. Users can sign up for a free trial of the CISO investigative platform at https://anchain.ai/ciso

About AnChain.AI

AnChain.AI is an AI-powered blockchain security company with one mission in mind: to secure and grow the blockchain industry by delivering trust through security and operational visibility. Our team has extensive experience in cybersecurity, artificial intelligence, cloud computing, and big data. AnChain.AI is continuously securing leading crypto exchanges, protocols, DApps, wallets, custodians, and enterprise with our ecosystem analytics platform. For more info, visit: https://www.anchain.ai

About Bitquery

Bitquery is an API-first product company dedicated to power and solve blockchain data problems using the ground truth, on-chain data. Bitquery extracts and presents valuable data via APIs. These APIs are delivering solutions to multiple verticals like Decentralize Finance (DeFi), DEX Arbitrage Analytics, Crypto Surveillance & Forensics across all major blockchains like Bitcoin, Ethereum, EOS, Tezos. For more info, visit: https://Bitquery.io

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Source: https://www.prweb.com/releases/anchain_ai_and_bitquery_launch_first_blockchain_forensics_engine_for_commercial_anti_fraud_and_aml_investigation/prweb17293825.htm

Cyber Security

Digitally Signed Bandook Trojan Reemerges in Global Spy Campaign

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/digitally-signed-bandook-trojan-spy-campaign/161676/

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Cyber Security

MacOS Users Targeted By OceanLotus Backdoor

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/macos-users-targeted-oceanlotus-backdoor/161655/

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Cyber Security

Pandemic, A Driving Force in 2021 Financial Crime

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/2021-financial-crime-covid-19/161665/

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Big Data

Contactless payments market to reach US$ 26.3 billion by 2027

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Contactless Payments Market To Reach US$ 26.3 Billion By 2027

The global contactless payments market is expected to surpass US$ 26.3 Billion by 2027 end, registering a CAGR of 12.9% during the forecast period of 2019 to 2027), as highlighted in a report published by Coherent Market Insights.

Increasing demand for contactless payments from the retail sector is expected to drive market growth during the forecast period. Retailers are modernizing their brick-and-mortar stores to offer secure services to customers and establishing online stores to increase revenue.

They are adopting advanced technologies such as big data analytics and cloud computing to increase their presence in the market. Retail manufacturers are using contactless payments methods that provide many benefits, such as reduced transaction time, increased operational efficiency, increased revenue, minimized cost, and others. Contactless payment methods at retail stores reduce transaction process and queue in counter.

Moreover, governments are also focusing on introducing new payment methods in order to increase productivity and remain competitive in the market. For instance, in December 2016, the government of India launched BHIM app for Unified Payment Interface (UPI). The common UPIbased BHIM app allows the user to send and receive money through their mobile phones by linking their bank accounts. For instance, according to Coherent Market Insights’ analysis, the number of transactions done through the Bharat Interface for Money (BHIM) app reached 18.8 million in February 2020.

Contactless Payments Market – Impact of Coronavirus (Covid-19) Pandemic

According to Coherent Market Insight‘s study, globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown.Contactless payment have become more preferred payment method, as it requires less physical interactions.

Smartphone based payment interface and digital wallets are the potential solutions to contain the spread of coronavirus pandemic. Moreover, recent developments in digital payments have encouraged the use of contactless payment methods during this pandemic. For instance, in April 2020, Upgrade Inc., a U.S.-based loan company, launched new contactless credit card. The new credit card provides high transaction limit than other payment methods.

Moreover, bank authorities and card network in Germany, U.K., Austria, and other countries have set higher transaction limit, as people are staying at home and prefer shopping through payment cards only. For instance, U.K Finance Limited increased the transaction limit for contactless payment cards starting from 30 Euros to 45 Euros. This, in turn, increases demand for contactless payment solutions.

Key Trends and Analysis of the Global Contactless Payments Market:

  • Europe held dominant position in the global contactless payments market in 2019 and is expected to retain its dominance throughout the forecast period. This is owing to increasing payment through smart cards. For instance, according to the Electronic Transactions Association (ETA), contactless payments through Mastercard and Maestro increased by 145% in Europe in 2018. Furthermore, in 2019, according to Coherent Market Insights’ analysis, the transactions through contactless payment methods reached 651 million in the U.K.
  • Asia Pacific is expected to show significant growth over the forecast period. The increasing adoption of contactless payment methods from retail industry is fueling the market growth. Retailers are modernizing their conventional payment methods with contactless payment methods, in order to improve productivity and efficiency in the business.
  • Among device type, the smartphone segment held dominant position in the market in 2019 and is expected to retain its dominance during the forecast period. This is owing to increasing demand for live streaming from consumers. For instance, the online video streaming market is expected to exceed US$ 70,000 million in 2021 from US$ 30,000 million in 2016.
  • Major players operating in the global contactless payments market include Thales Group, Infineon Technologies AG, Ingenico Group, Wirecard, VeriFone, Inc., Giesecke+Devrient GmbH, IDEMIA, Track Innovations LTD., Identiv, Inc., CPI Card Group Inc., Setomatic Systems, Valitor, PAX, PINPAD, Mobeewave, alcineo, and Paycor, Inc.

Source: https://www.fintechnews.org/contactless-payments-market-to-reach-us-26-3-billion-by-2027/

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