Chainalysis and Flashpoint Partner to Provide Advanced Intelligence into Cybercriminal Use of Cryptocurrencies, Unlocking New Visibility about Cyberattacks
01/29/2021 | 04:01am EDT
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Chainalysis, the blockchain analysis company, and Flashpoint, the globally trusted leader in actionable threat intelligence, today announced a partnership to integrate their analytics networks, enabling their customers to investigate threat actor activity and attacks via suspicious cryptocurrency transactions. Data interoperability between the platforms, combined with visualization tools, will provide public and private sector customers enhanced context and intelligence to trace the originators of attacks, and determine when and where the attacks first originated.
As legitimate use of cryptocurrencies grows more pervasive, cybercriminals and other bad actors with nefarious intent will take advantage. Organizations already under siege by a barrage of advanced cyberthreats now must face even more sophisticated threat actors using Bitcoin and other cryptocurrencies attempting to shroud their financial activity associated with ransomware, phishing, and other malicious attacks.