Palo Alto, California, United States, September 5, 2024, Chainwire
AI-driven platform detects fraud in its earliest phases, stopping billions in potential cryptocurrency losses
As frauds grow to be extra refined and more and more goal cryptocurrencies to launder billions in losses, CUBE3.AI is pioneering a brand new period in fraud prevention. At the moment, the corporate introduced vital enhancements to its platform that bridge the hole between Web2 and Web3, enabling real-time threat evaluation and proactive blocking of fraud comparable to hog slaughter, ransomware, sextortion and extra.
In 2023, funding fraud alone led to greater than $4.5 billion in losses, with 86% linked to cryptocurrency. A considerable portion of this fraud originates from the Web2 – via interactions on social networks, rip-off websites or different on-line channels – earlier than transferring to cryptocurrency, the place restoration of stolen belongings is nearly not possible. Whereas the business has historically centered on both Web2 or Web3, CUBE3.AI leverages distinctive experience and proprietary AI expertise to seamlessly combine each realms to allow fraud detection and prevention throughout the digital panorama. This strategy addresses a vital hole by providing a holistic view of fraud patterns throughout each Web2 and Web3, enabling early detection, thorough threat evaluation and well timed intervention.
“Probably the most damaging frauds typically contain complicated paths that span each conventional and crypto areas. We've created an answer that appears on the full image, from preliminary contact in Web2 to closing transactions in Web3,” stated Einaras Gravrock, CEO. from CUBE3.AI. “Actual-time fraud prevention is a posh problem that requires experience in each areas, together with superior expertise able to deciphering disparate information and understanding context. Our platform is extra than simply expertise – it's about restoring belief. Whether or not defending companies from soiled cash or defending folks from devastating losses, this answer represents a major step ahead within the battle in opposition to digital fraud.”
The improved CUBE3.AI platform integrates information from social media, on-line platforms and darkish internet sources and combines it with real-time monitoring of Web3 transactions. Proprietary AI fashions educated to interpret the context of this information generate complete threat scores and allow companies to behave shortly earlier than fraud escalates. By providing seamless visibility into each Web2 and Web3 exercise, CUBE3.AI allows organizations to proactively block threats that may in any other case go unnoticed till it's too late.
“As criminals more and more depend on AI to scale their assaults, our response should be simply as refined. Our AI-based instruments join the dots between Web2 and Web3, giving us a novel benefit in figuring out threats earlier than they escalate, stated Chris Griffiths. , CTO of CUBE3.AI. “By providing this degree of visibility and pace, we allow companies to make knowledgeable selections and defend their customers in actual time.”
These new options present exchanges, monetary establishments and repair suppliers with the early detection and threat administration they should keep away from fraud, defend consumer belief and reduce monetary losses. By providing an answer that integrates information from each Web2 and Web3, CUBE3.AI units a brand new customary in fraud prevention and helps companies keep forward of quickly evolving threats.
About CUBE3.AI
CUBE3.AI is an revolutionary platform devoted to real-time fraud and crypto crime prevention. Utilizing proprietary synthetic intelligence fashions, CUBE3.AI protects digital belongings and transactions from fraud, cyber abuse, hacking, fraud and compliance dangers, enabling companies to guard their belongings, cut back chargebacks and reduce monetary losses. Our expertise not solely responds to incidents, but additionally anticipates and prevents them earlier than they occur, defending companies and people from the dangers related to crypto transactions.
Based by a crew of machine studying researchers, fraud prevention specialists, white hats and blockchain engineers, the corporate is backed by main buyers – together with Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Customers can be taught extra at www.CUBE3.AI and join with CUBE3.AI on LinkedIn, Twitter and Telegram.
ContactHead of Advertising and marketingRace PetuchCUBE3.AIrasap@cube3.ai
This text was initially revealed on Chainwire
