Helpline for hacking and cyberattacks will work 24/7
With transactions employing illicit addresses accounting for just 0.15 percent of total bitcoin transaction volume in 2021, the increase of cryptocurrency use for legitimate purposes is exceeding that of cryptocurrency use for illegal purposes. However, some forms of unlawful abuse, such as ransomware and hacking to steal money, are at all-time highs. This poses threats to national security, undermines faith in cryptocurrencies, and victimizes innocent people everywhere.
Because of this, we are introducing Crypto Incident Response, a rapid response retainer service for large corporations and cryptocurrency enterprises that are high-risk targets for cyberattacks or unauthorized network breaches involving cryptocurrency theft or demand.
Here’s how it works:
- When an incident like a breach, ransomware attack, code exploit, or flash loan attack takes place and bitcoin money are either sought or stolen, a firm hires Chainalysis to have their services on retainer.
- The company can get in touch with the Chainalysis Crypto Problem Response hotline if an incident happens.
- The victim organization will then be partnered with by a dedicated team of professionals from Chainalysis who will utilize cutting-edge investigation tools to work around the clock.
- The Chainalysis staff can assist in communicating with law enforcement and asset recovery attorneys as needed.
Investigators from Chainalysis have collaborated with businesses in both the public and private sectors on hundreds of cryptocurrency-related incidents, and they have assisted in cracking some of the most notorious cybercrime cases. No matter where in the world the victim is, the Chainalysis Crypto Incident Response program streamlines the engagement process to avoid wasting any time. The Chainalysis platform’s instantaneous tracing and labeling of funds can make all the difference in preventing bad actors from cashing out their illicit gains. Time is of the essence.
Attacks are becoming more frequent and more severe, which poses a major obstacle to establishing trust in cryptocurrencies. We’re investing in this service not just to support organizations in difficult times, but also to aid in the prosecution of criminals and show that cryptocurrency is not an asset class associated with crime and anonymity.
For more information about Crypto Incident Response Services and to get access to coverage, click here.
