Chainalysis and Flashpoint Partner to Provide Advanced Intelligence into Cybercriminal Use of Cryptocurrencies, Unlocking New Visibility about Cyberattacks

January 29, 2021 3:00 AM EST

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NEW YORK--(BUSINESS WIRE)-- 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.

Chainalysis and Flashpoint’s partnership comes at a pivotal time for organizations, enabling them to investigate, identify, and respond to these mounting threats. Chainalysis data and software unveil connections between cryptocurrency transactions and real-world entities, enabling investigators to trace the flow of illicit funds on blockchains. Meanwhile, Flashpoint provides organizations with unparalleled visibility into threat activity online throughout cybercriminal marketplaces, forums, chat rooms, encrypted messaging applications, and deep and dark web sources, enabling security analysts and investigators to more efficiently and comprehensively uncover threat actor operations, investigate potential cyberattacks, and determine how and where cybercrime and associated financial transactions occur.

Now with the Flashpoint partnership, Chainalysis leverages the industry-leading threat intelligence from Flashpoint, providing customers deep insight into threat actor behavior and activity. For Flashpoint customers, they gain enhanced capabilities to visualize suspicious financial and cryptocurrency transactions that are specifically tailored and associated to their unique organizations via Chainalysis Reactor.

“We’re thrilled to offer expanded intelligence to our customers,” said Jason Bonds, Chief Revenue Officer, Chainalysis. “Flashpoint is a leader in the threat intelligence industry and, by deepening our relationship, we’ll provide a new level of data analysis to the public and private sectors globally.”

“Security and intelligence teams gain deeper insight into the colliding worlds of cryptocurrency and cybercrime, making it faster and easier for organizations to investigate, detect, and respond to emerging threats and attacks,” noted Jan Johansen, Executive Director of Global Channels and Partnerships at Flashpoint.

For more information on the integration between Chainalysis and Flashpoint, please visit the Chainalysis Partner Directory.

About Chainalysis

Chainalysis is the blockchain analysis company. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 50 countries. Our data platform powers investigation, compliance, and risk management tools that have been used to solve some of the world's most high-profile cyber criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Ribbit, and other leading names in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

About Flashpoint

Flashpoint is the globally trusted leader in actionable threat intelligence for organizations that demand the fastest, most comprehensive coverage of threatening activity on the internet. From bolstering cyber and physical security, to detecting fraud and insider threats, Flashpoint partners with customers across private and public sectors to help them rapidly identify threats and mitigate their most critical security risks. Flashpoint is backed by Georgian Partners, Greycroft Partners, TechOperators, K2 Intelligence, Jump Capital, Leaders Fund, Bloomberg Beta, and Cisco Investments. For more information, visit https://www.flashpoint-intel.com/ and follow us on Twitter at @FlashpointIntel.

Media Contact for Chainalysis:
Maddie Kennedy
Director of Communications
Maddie@chainalysis.com
+1 914.584.0386

Media Contact for Flashpoint:
Alice Spraggon
Public Relations Account Director
flashpoint@clarity.pr
+44 (0)7895 831 744

Source: Flashpoint



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