Uppsala Security Signs ‘K-Virtual Asset Threat Intelligence Industry-Academic Joint MOU’ with Hoseo University’s Department of Digital Financial Management

Singapore, September 7th 2023 — <a href="https://uppsalasecurity.com/" rel="noopener ugc nofollow" target="_blank">Uppsala Security</a>, a pioneer in providing top-tier security tools and services for Crypto Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF), Transaction Risk Management, Regulatory Compliance, and Transaction Tracking, is excited to announce the signing of an industry-academia joint MOU with <a href="http://www.hoseo.ac.kr/Home/Major.mbz?action=MAPP_2005191553" rel="noopener ugc nofollow" target="_blank">Hoseo University’s Department of Digital Financial Management</a>. The objective is to establish and advance the creation of the “Korea Digital Asset Threat Intelligence Center (KDTC)”. The ‘<a href="https://uppsalasecurity.com/trdb/" rel="noopener ugc nofollow" target="_blank">TRDB</a>’ database — secured by Uppsala Security, dedicated to hosting crowdsourced virtual asset threat indicators, stands out for its extensive blacklist data associated with various domestic financial crimes, including phishing and scams. This data is sourced from reports submitted by actual victims of virtual asset crimes through Uppsala Security’s Crypto Incident Response Center (CIRC). During the period from April to August 2020, the cumulative number of reports reached approximately 2,000, with the total damages amounting to around 670 Billion Korean won (slightly over $500 M USD). To effectively monitor virtual asset suspicions, previously reported blacklist data is categorized and stored within the TRDB. This enables swift identification of connections with suspected wallets linked to past criminal records, even when investigating new potential virtual asset cases. <a href="https://medium.com/sentinel-protocol/uppsala-security-signs-k-virtual-asset-threat-intelligence-industry-academic-joint-mou-with-804005fa126c">Read More</a>