{"id":16713,"date":"2022-01-18T18:52:28","date_gmt":"2022-01-18T17:52:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=16713"},"modified":"2022-01-18T18:52:40","modified_gmt":"2022-01-18T17:52:40","slug":"ncfta-and-binance-team-up-to-curb-cybercrime","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ncfta-and-binance-team-up-to-curb-cybercrime\/","title":{"rendered":"NCFTA and Binance team up to curb cybercrime"},"content":{"rendered":"\n
With the new partnership, Binance is reaffirming its stance on the fight against cybercrime <\/a>and also its aim of securing the cryptocurrency ecosystem for the entire community. <\/h5>\n\n\n\n
\"NCFTA<\/figure><\/div>\n\n\n\n

The National Cyber-Forensics and Training Alliance\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (NCFTA), a non-profit organization based in the United States, has welcomed Binance as its first crypto partner in its fight against cybercrime.<\/p>\n\n\n\n

About the partnership<\/h2>\n\n\n\n

The NCFTA, which was founded in 2002, collaborates with law enforcement, businesses, and academic institutions to gather threat intelligence in order to identify and mitigate cybercrime threats<\/a>.<\/p>\n\n\n\n

The NCFTA hopes to combat international cybersecurity investigations by cooperating with Binance, the world's largest crypto exchange by trade volume.<\/p>\n\n\n\n

According to Tigran Gambaryan, Binance's vice president of global intelligence and investigations, the exchange aspires to be a leader in the battle against cybercrime, ransomware, and terrorism financing:<\/p>\n\n\n\n

\u201cJoining the NCFTA is an important step in our joint fight against cybercrime, securing the cryptocurrency ecosystem <\/a>for the entire community.\u201d<\/p><\/blockquote>\n\n\n\n

Binance will have access to NCFTA's dedicated staff of analysts as well as trends relating to emerging and real-time threats as a result of this partnership. The Binance Investigations Group has also been established by the crypto exchange to combat blockchain and cryptocurrency fraud. The following is taken from the news release:<\/p>\n\n\n\n

\u201cTo date, Binance has cooperated with hundreds of criminal investigations<\/a>, which have led to high-profile arrests, including a cybercriminal group laundering $500M in ransomware proceeds.\u201d<\/p><\/blockquote>\n\n\n\n

Gambaryan also believes that protecting the crypto ecosystem from cyber attacks necessitates close collaboration among law enforcement, government agencies, and ecosystem participants.<\/p>\n\n\n\n

Binance's involvement in a Pakistani cybercrime investigation<\/h3>\n\n\n\n

Speaking on cyber fraud, the Federal Investigation Agency (FIA) of Pakistan <\/a>issued an official warning to Binance on Jan. 9 in order to identify links to a multi-million dollar crypto scam in the region.<\/p>\n\n\n\n

A criminal inquiry was launched after the Pakistani authorities received many complaints about an ongoing scam that involves deceiving investors into transmitting funds from Binance wallets to unknown third-party wallets.<\/p>\n\n\n\n

Binance has acknowledged that the exchange intends to work with the authorities in the area:<\/p>\n\n\n\n

\u201cUser protection is a top priority for us at Binance. Our law enforcement team<\/a> also works closely with agencies and governments around the world to help educate teams on tackling financial crimes.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

With the new partnership, Binance is reaffirming its stance on the fight against cybercrime and also its aim of securing the cryptocurrency ecosystem for the entire community. The National Cyber-Forensics and Training Alliance (NCFTA), a non-profit organization based in the United States, has welcomed Binance as its first crypto partner in its fight against cybercrime. […]<\/p>\n","protected":false},"author":12,"featured_media":16717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834,21],"tags":[5521,5888,6671,6165],"class_list":["post-16713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","category-news","tag-binance-2","tag-cybercrimes","tag-ncfta","tag-pakistan-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/image-121.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=16713"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/16717"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=16713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=16713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=16713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}