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Uppsala Security, provider of security tools and services for AML / CTF crypto, transaction risk management, regulatory compliance, today announced the launch of its Digital Asset Tracking Service, a solution specially created for victims of ransomware and crypto crime caused by theft, hacking, and fraud.
A team of security experts from Uppsala are now available to help organizations and individuals who have been victims of malicious activity and cybercrime to thoroughly analyze the incident and compile a detailed and conclusive report tracing the lost assets. based on the details of the incident received from the victim.
To achieve the above, designated security experts use internal software tools, including the Visualization of cryptographic analysis transactions (CATV) to track cryptocurrency transactions and Cryptographic Analysis Risk Assessment (CARA) to analyze and measure the risks associated with cryptographic transactions; the two aforementioned tools draw on decentralized crowdsourcing Threat Intelligence Database built by Uppsala, currently containing over sixty-one million validated safety indicators.
Regarding cybercrime incidents that resulted in loss of cryptocurrency assets, victims can now submit all available details of the incident using this form, after which the transaction tracking process will begin by following the steps below:
- Submit the incident using the form available on the Uppsala Security website.
- After confirming the validity of the incident, a security researcher will be assigned to the case.
- A description of the service will be provided, including general next steps in the investigation, and a contract will be signed between Uppsala Security and the victim.
- Finally, a complete and detailed forensic report including all the results of the in-depth investigation will be provided to the victim. Depending on the jurisdiction of the victim’s country of residence, the report could be submitted to legal agencies for further action.
Through the digital asset tracking service, a client will receive a complete transaction tracking report; this does not guarantee that the lost cryptocurrency funds will be recovered by the victim. However, despite the immutability of data that characterizes the decentralized space, Uppsala has managed to resolve cases that have resulted in the full recovery of lost assets; each of those cases included support from local law enforcement and cooperation from the crypto exchanges involved.
“Uppsala Security started as a project due to the lack of viable solutions that can help both organizations and individuals facing the unfortunate event of losing their crypto assets due to malicious activity and cybercrime. In 2016, I lost 7,218 ETH tokens from a Mist / Ethereum wallet due to previously unrecognized security vulnerabilities; and there was no one who could help me. Today I am happy and proud to be able to help the victims of similar incidents; Backed by an extremely innovative and passionate team dedicated to building and promoting the mass adoption of blockchain, cryptocurrencies and decentralization. Today’s digital asset tracking service is the go-to solution for victims of any type of malicious activity that has resulted in the loss of digital assets. While security may go unnoticed, it holds everything together. “
– Patrick Kim, Founder and CEO of Uppsala Security
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