Uppsala Security Receives a 2020 Frost & Sullivan Award for Blockchain & Cryptocurrency Security Technology

Uppsala Safety‘s Danger Administration Instruments Strengthen Group Capabilities for Analyzing/Visualizing Crypto Transactions and for Securing Crypto Property

SINGAPORE, April 28, 2020 /PRNewswire/ — Based mostly on its current evaluation of the Asia-Pacific blockchain and cryptocurrency safety market, Frost & Sullivan acknowledges Uppsala Security Pte Ltd. with the 2020 Asia-Pacific Blockchain & Cryptocurrency Safety Know-how Innovation Award. Frost & Sullivan highlighted the Risk intelligence Platform referred to as Sentinel Protocol and the continual developments in software program merchandise enabling organizations to confidently analyze and visualize cryptocurrency transactions and shield crypto belongings in addition to different digital belongings from malicious assaults, scams, and fraud throughout various industries by enhancing enterprise transparency and stability.

“Uppsala Safety’s Sentinel Protocol, the world’s first crowd-sourced safety platform, permits cryptocurrency customers to report cybercrime equivalent to cryptocurrency malicious assaults, scams, and fraud related to harmful wallets, URLs/URIs/domains and social accounts. After rigorous evaluation and validation by safety specialists, new safety intelligence obtained from outdoors sources is added to Sentinel Protocol’s Risk Intelligence Database (TRDB) which is powered by blockchain know-how. The TRDB serves to share the confirmed Safety Intelligence within the type of Whitelists/Blacklists with Uppsala Safety’s worldwide customers,” stated Mogana Tashiani, Analysis Analyst. “Sentinel Protocol know-how will also be used to trace, analyze, and visualize suspicious cryptocurrency transaction actions equivalent to terrorist transactions and might generate threat assessments of crypto wallets to boost anti-money laundering and regulatory compliance.”

The corporate additionally gives an answer referred to as UPPward Browser Extension which is an Web browser plugin (accessible for Chrome, Courageous, Firebox, Edge) that routinely gives actual time alerts to Web customers once they choose a URL/URI/area with their browser that’s blacklisted within the TRDB for being related to malware/phishing. UPPward will also be used as a search engine for understanding whether or not a specified pockets tackle or social media account is taken into account harmful and might act as a device to report suspicious community exercise, harmful URLs, and hacking incidents. The UPPward Extension is offered to everybody freed from cost as Uppsala Safety’s contribution to the group.

Crypto Evaluation Danger Evaluation (CARA) is one other Sentinel Protocol product from Uppsala Safety. CARA leverages machine-learning to research all of a particular pockets’s previous transactions to generate a threat measurement of the crypto pockets tackle primarily based on realized behaviors utilizing each recognized malicious wallets and regular wallets. It operates on an on-demand foundation and runs as a batch course of that repeatedly analyses chosen crypto addresses. CARA may be simply built-in into software program purposes and is offered on an annual subscription foundation from Uppsala Safety.

Another safety product value mentioning that’s accessible as a part of Sentinel Protocol, the suite of threat administration instruments developed and operated by Uppsala Safety, is the Crypto Evaluation Transaction Visualization (CATV). CATV is a forensics device that allows its consumer to simply generate, for a particular pockets, a visualization displaying the incoming and outgoing stream of tokens and the varieties of wallets with which it interacts. A consumer can simply monitor and analyze each incoming and outgoing transactions of a particular crypto pockets and might uncover suspicious transaction flows, equivalent to tumbling and mixing, or interplay with blacklisted wallets registered within the TRDB. The generated information may be visualized and additional analyzed for anti-money laundering and regulatory compliance functions.

For sustaining enterprise stability, development and an excellent popularity, it’s important for a lot of enterprises within the crypto-world to have instruments that assist them handle enterprise threat and to understand regulatory compliance. Abstract Pockets Evaluation Profiling (SWAP) is a tailor-made service from Uppsala Safety designed to allow organizations to periodically, i.e. (weekly, biweekly, month-to-month, or quarterly), audit tens of hundreds of crypto wallets. SWAP gives in-depth 360° analytics into all the pockets addresses associated to a agency’s enterprise by reporting a wide range of tailor-made threat indicators and metrics compiled and introduced in a collection of periodic reviews equivalent to: day by day or month-to-month transaction quantities and counts; a rating of wallets that made the biggest contribution to your month-to-month transactions by way of quantities or transaction counts; a rating of wallets which have made probably the most transactions with blacklisted wallets by way of quantity or transaction counts. The important thing advantage of SWAP is that it enhances an enterprise’s efforts to realize regulatory compliance while lowering prices and rising productiveness.

Uppsala Safety works with a variety of organizations equivalent to governments and digital asset service suppliers (VASPs), together with monetary establishments, fintech corporations and different know-how builders seeking to embrace the applied sciences developed by Uppsala Safety as a part of their software program merchandise. Over time, Uppsala has developed enterprise alliances with quite a few shoppers together with information scientists, monetary investigators, threat managers, compliance auditors, and even authorities companies throughout Singapore, South Korea, Japan and China.

“Uppsala’s technique of licensing its know-how to different corporations that use cryptocurrency and blockchain in companies has met with enormous success,” famous Tashiani. “The corporate’s priceless partnerships with different corporations and authorities companies underline its dedication to leveraging blockchain safety techniques. Its forward-looking methods and applied sciences are anticipated to assist it dominate the market sooner or later.”

“I communicate within the identify of our entire workforce after I say that we’re honored to obtain this recognition from such a good firm as Frost & Sullivan. Our laborious work within the know-how and cybersecurity area now interprets into viable merchandise which were adopted worldwide by governments, enterprises and finish customers. We’re deeply grateful for this nice milestone and we’re dedicated to proceed our efforts for delivering know-how that makes folks really feel protected,” stated Patrick Kim, Founder & CEO, Uppsala Safety.

Annually, Frost & Sullivan presents this award to the corporate that has developed a product with revolutionary options and performance, gaining fast acceptance available in the market. The award acknowledges the standard of the answer and the shopper worth enhancements it permits.

Frost & Sullivan Finest Practices awards acknowledge corporations in a wide range of regional and international markets for demonstrating excellent achievement and superior efficiency in areas equivalent to management, technological innovation, customer support, and strategic product growth. Trade analysts examine market individuals and measure efficiency by in-depth interviews, evaluation, and intensive secondary analysis to determine finest practices within the business.

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Contact:
Melissa Tan
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About Uppsala Safety Pte Ltd

Uppsala Safety constructed the primary crowdsourced Risk Intelligence Platform often known as the Sentinel Protocol, powered by blockchain applied sciences and A.I. Supporting the framework is a workforce of skilled safety analysts and researchers dedicated to serving to organizations notice safely interconnected experiences by deploying a collection of superior Danger Administration Options satisfying the crypto safety wants of organizations and business compliance requirements.