Dark web data intelligence provider Terbium Labs and Skry, a leading blockchain analytics and intelligence company, have partnered to help financial institutions, law enforcement and Bitcoin companies quickly detect fraud and investigate criminal activity on distributed ledger technologies like Bitcoin and other blockchains.
Bitcoin, and its underlying blockchain technology, is under attack from sophisticated persistent threats executed by individual criminals or organized financial crime syndicates. Hacked exchanges, extorted businesses, and the financing of drug trafficking or terrorist organizations, permissionless blockchains and the nature of digital and decentralized currencies have opened the door to a wide variety of illicit actors. To combat financial crime such as fraud, money-laundering, and theft in the era of digital currencies, effective threat intelligence and risk assessment solutions must be able to manage large-scale structured and unstructured data from the clear and dark web.
Combining big data, artificial intelligence, and blockchain, Skry’s end-to-end data platform addresses the transaction monitoring challenges facing the use of Bitcoin, providing powerful real-time intelligence, risk assessment, and forensic tools to investigate suspicious activity, identify legal and illegal entities, and adhere to regulatory compliance. Skry users will now benefit from the integration of data feeds from Terbium Labs’ dark web data intelligence system, Matchlight, to monitor appearances of Bitcoin wallet addresses on the dark web in a private and secure manner.
Leveraging a large-scale dark web search engine and a patented data fingerprinting technology, Matchlight is designed to continuously scan for stolen or sensitive data, in this instance Bitcoin public keys.