By partnering with Binance, the NCFTA aims to tackle international cybersecurity investigations by co-sharing threat intelligence.
2440 Total views
38 Total shares
The National Cyber-Forensics and Training Alliance (NCFTA), an American non-profit, onboarded its first crypto firm, Binance, to aid their ongoing battle against cybercrimes.
Founded in 2002, the NCFTA partners with law enforcement and various business and academic entities to source threat intelligence to identify and mitigate cybercrime threats. By partnering with Binance, the world’s biggest crypto exchange in terms of trading volume, the NCFTA aims to tackle international cybersecurity investigations.
According to Binance’s vice president of global intelligence and investigations, Tigran Gambaryan, the exchange aims to be the leading contributor in the fight against cybercrime, ransomware and terrorism financing:
“Joining the NCFTA is an important step in our joint fight against cybercrime, securing the cryptocurrency ecosystem for the entire community.”
Through this partnership, Binance will gain access to NCFTA’s dedicated team of analysts along with trends related to emerging and real-time threats. The crypto exchange has also set up an in-house team to tackle blockchain and cryptocurrency fraud; namely, the Binance Investigations Group. According to the press release:
“To date, Binance has cooperated with hundreds of criminal investigations, which have led to high-profile arrests, including a cybercriminal group laundering $500M in ransomware proceeds.”
Gambaryan also believes that securing the crypto ecosystem against cyber threats requires strong cooperation between law enforcement, government agencies and players within the ecosystem.
Related: Pakistan to investigate Binance for multi-million-dollar crypto scam
On Jan. 9, Pakistan‘s Federal Investigation Agency (FIA) issued a formal notice to Binance to identify links around a multi-million crypto scam in the region.
KARACHI: Federal Investigation Agency (FIA) has detected an online fraud of Rs100 billion using a cryptocurrency and issued notice to the local representative of Binance, @cz_binance @binance @BinanceHelpDesk @BinanceUS pic.twitter.com/3oukwzmDqh
— Innocent Pashteen✌ (@FighterDawar) January 7, 2022
As Cointelegraph reported, the Pakistani government received numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown third-party wallets — sparking a criminal investigation.
Speaking to Cointelegraph, a Binance spokesperson confirmed the exchange’s intent to cooperate with the local authorities:
“User protection is a top priority for us at Binance. Our law enforcement team also works closely with agencies and governments around the world to help educate teams on tackling financial crimes.”
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
COLCASE Fireproof Document Box, Hard Case Fireproof Box with Lock Hard-Shell Design Fireproof Water Resistant Safe Box File Organizer for Important Documents Certificates Laptop Passports Black
$66.99 (as of December 22, 2024 19:13 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Hearth and Homestead: Handmade Whipped Tallow Balm (Unscented/Herb-Infused) - Organic Body Butter with Infused Olive Oil, for Eczema, Rosacea, Baby - 1.3 oz
$29.99 (as of December 22, 2024 19:33 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Hanes EcoSmart Fleece, Cotton-Blend Pullover, Crewneck Sweatshirt for Men (1 Or 2 Pack)
$11.85 (as of December 22, 2024 19:33 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
ESR for iPhone 16 Pro Case, Compatible with MagSafe, Shockproof Military-Grade Protection, Magnetic Phone Case for iPhone 16 Pro 6.3 inch, Clear
$14.99 (as of December 22, 2024 19:33 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
