Uppsala Security's Risk Management Tools
Strengthen Organization Capabilities for Analyzing/Visualizing
Crypto Transactions and for Securing Crypto Assets
SINGAPORE, April 28, 2020 /PRNewswire/ -- Based on its
recent analysis of the Asia-Pacific blockchain and cryptocurrency
security market, Frost & Sullivan recognizes Uppsala
Security Pte Ltd. with the 2020 Asia-Pacific Blockchain &
Cryptocurrency Security Technology Innovation Award. Frost &
Sullivan highlighted the Threat intelligence Platform called
Sentinel Protocol and the continuous advancements in software
products enabling organizations to confidently analyze and
visualize cryptocurrency transactions and protect crypto assets as
well as other digital assets from malicious attacks, scams, and
fraud across diverse industries by enhancing business transparency
and stability.
"Uppsala Security's Sentinel Protocol, the world's first
crowd-sourced security platform, enables cryptocurrency users to
report cybercrime such as cryptocurrency malicious attacks,
scams, and fraud associated with dangerous wallets,
URLs/URIs/domains and social accounts. After rigorous analysis and
validation by security experts, new security intelligence received
from outside sources is added to Sentinel Protocol's Threat
Intelligence Database (TRDB) which is powered by blockchain
technology. The TRDB serves to share the confirmed Security
Intelligence in the form of Whitelists/Blacklists with Uppsala
Security's worldwide users," said Mogana Tashiani, Research
Analyst. "Sentinel Protocol technology can also be used to track,
analyze, and visualize suspicious cryptocurrency transaction
activities such as terrorist transactions and can generate risk
assessments of crypto wallets to enhance anti-money laundering and
regulatory compliance."
The company also provides a solution called UPPward Browser
Extension which is an Internet browser plugin (available for
Chrome, Brave, Firebox, Edge) that automatically provides real time
alerts to Internet users when they select a URL/URI/domain with
their browser that is blacklisted in the TRDB for being associated
with malware/phishing. UPPward can also be used as a search engine
for understanding whether a specified wallet address or social
media account is considered dangerous and can act as a tool to
report suspicious network activity, dangerous URLs, and hacking
incidents. The UPPward Extension is available to everyone free of
charge as Uppsala Security's contribution to the
community.
Crypto Analysis Risk Assessment (CARA) is another Sentinel
Protocol product from Uppsala Security. CARA leverages
machine-learning to analyze all of a selected wallet's past
transactions to generate a risk measurement of the crypto wallet
address based on learned behaviors using both known malicious
wallets and normal wallets. It operates on an on-demand basis and
runs as a batch process that continuously analyses selected crypto
addresses. CARA can be easily integrated into software applications
and is available on an annual subscription basis from Uppsala
Security.
One more security product worth mentioning that is available as
part of Sentinel Protocol, the suite of risk management tools
developed and operated by Uppsala Security, is the Crypto
Analysis Transaction Visualization (CATV). CATV is a forensics tool
that enables its user to easily generate, for a selected wallet, a
visualization displaying the incoming and outgoing flow of tokens
and the types of wallets with which it interacts. A user can easily
track and analyze both incoming and outgoing transactions of a
selected crypto wallet and can uncover suspicious transaction
flows, such as tumbling and mixing, or interaction with blacklisted
wallets registered in the TRDB. The generated data can be
visualized and further analyzed for anti-money laundering and
regulatory compliance purposes.
For maintaining business stability, growth and a good
reputation, it is important for many enterprises in the
crypto-world to have tools that help them manage business risk
and to realize regulatory compliance. Summary Wallet Analysis
Profiling (SWAP) is a tailored service from Uppsala
Security designed to enable organizations to periodically, i.e.
(weekly, biweekly, monthly, or quarterly), audit tens of thousands
of crypto wallets. SWAP provides in-depth 360° analytics into all
of the wallet addresses related to a firm's business by reporting a
variety of tailored risk indicators and metrics compiled and
presented in a series of periodic reports such as: daily or monthly
transaction amounts and counts; a ranking of wallets that made the
largest contribution to your monthly transactions in terms of
amounts or transaction counts; a ranking of wallets that have made
the most transactions with blacklisted wallets in terms of amount
or transaction counts. The key benefit of SWAP is that it enhances
an enterprise's efforts to achieve regulatory compliance whilst
reducing costs and increasing productivity.
Uppsala Security works with a wide range of organizations such
as governments and virtual asset service providers (VASPs),
including financial institutions, fintech companies and other
technology developers looking to include the technologies developed
by Uppsala Security as part of their software products. Over the
years, Uppsala has developed business alliances with numerous
clients including data scientists, financial investigators, risk
managers, compliance auditors, and even government agencies across
Singapore, South Korea, Japan and China.
"Uppsala's strategy of licensing its technology to other
companies that use cryptocurrency and blockchain in businesses has
met with huge success," noted Tashiani. "The company's valuable
partnerships with other companies and government agencies underline
its commitment to leveraging blockchain security systems. Its
forward-looking strategies and technologies are expected to help it
dominate the market in the future."
"I speak in the name of our whole team when I say that we are
honored to receive this recognition from such a reputable company
as Frost & Sullivan. Our hard work in the technology and
cybersecurity space now translates into viable products that have
been adopted worldwide by governments, enterprises and end users.
We are deeply grateful for this great milestone and we are
committed to continue our efforts for delivering technology that
makes people feel safe," said Patrick
Kim, Founder & CEO, Uppsala Security.
Each year, Frost & Sullivan presents this award to the
company that has developed a product with innovative features and
functionality, gaining rapid acceptance in the market. The award
recognizes the quality of the solution and the customer value
enhancements it enables.
Frost & Sullivan Best Practices awards recognize companies
in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as
leadership, technological innovation, customer service, and
strategic product development. Industry analysts compare market
participants and measure performance through in-depth interviews,
analysis, and extensive secondary research to identify best
practices in the industry.
About Frost & Sullivan
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Contact:
Melissa Tan
E: melissa.tan@frost.com
P: +65 6890 0926
About Uppsala Security Pte Ltd
Uppsala Security built the first crowdsourced Threat
Intelligence Platform known as the Sentinel Protocol, powered by
blockchain technologies and A.I. Supporting the framework is a team
of experienced security analysts and researchers committed to
helping organizations realize safely interconnected experiences by
deploying a suite of advanced Risk Management Solutions satisfying
the crypto security needs of organizations and industry compliance
standards.