Blockchain Cryptocurrency Fintech News

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

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

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.

Read More: Executives Explore Disruptions in Fraud Trends, Securing Online Channels and Mobility Payments in Transit

“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.”

Read More: GlobalFintechSeries Interview with Raymond Wyand, CEO & Co-founder at gini

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.

Read More: Celsius Network and Prime Trust partner to secure depositors funds and offer low-cost credit

Related posts

Celsius Network Adds In-App, Low Fee, Crypto Purchases Using ACH and SEPA

Fintech News Desk

Key Sells Indirect Retail Auto Loan Portfolio; Enters Into Accelerated Share Repurchase Program

Fintech News Desk

GoDaddy Venture Forward Partners with Mastercard’s City Possible Initiative

Fintech News Desk
1