Uppsala Security, a provider of security tools and services for Crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cyber security, announced the collaboration with NSHC set to provide a worldwide Virtual Asset Fund Tracking Solution.
The solutions provided by Uppsala Security involved in this new collaboration are the Crypto Analysis Transaction Visualisation (CATV), a virtual asset tracking security tool and the Crypto Analysis Risk Assessment (CARA), an AI and machine learning-based virtual asset risk assessment tool.
In this collaboration, CARA significantly enhances the virtual asset tracking solution by receiving and filtering Dark Web-related threat data from NSHC. The joint work between the two projects started with the “AI Data Processing Voucher Project” hosted by the Ministry of Science and ICT of South Korea on September 20, 2020.
The virtual asset tracking solution, including CATV and CARA, was installed on NSHC’s DarkTracer, a platform that provides Dark Web security threat information.
By introducing Uppsala Security’s virtual asset tracking solution, NSHC’s customers can respond to security threats such as the abuse of existing personal information and security threats of virtual assets.
Before this, NSHC and Uppsala Security signed a Business Agreement to eradicate cybercrime. They recently trained private companies and government agencies in open-source intelligence (OSINT) monitoring technology.
Patrick Kim, Founder & CEO of Uppsala Security, said, “As observed in recent times with the experiences involving the Silk Road incident and Hydra case, the crimes involving virtual assets have been increasing rapidly. With the NSHC’s DarkTracer and its virtual asset tracking solution, we can provide new insights into related crimes. DarkTracer, which has accumulated over 100 billion vast dark web intelligence indicators, and Uppsala Security’s virtual asset tracking and analysis solutions are jointly used to conduct a correlation analysis for law enforcement and intelligence agencies to be able to receive new insights into the related crimes.”
