Palo Alto, California, United States, September fifth, 2024, Chainwire
AI-driven platform detects fraud at its earliest levels, stopping billions in potential crypto losses
As scams develop extra refined and more and more goal crypto for laundering billions in losses, CUBE3.AI is pioneering a brand new period in fraud prevention. As we speak, the corporate introduced main enhancements to its platform that bridge the hole between Web2 and Web3, enabling real-time danger evaluation and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others.
In 2023, funding scams alone led to greater than $4.5 billion in losses, with 86% linked to cryptocurrency. A considerable portion of those scams originate in Web2—by social media interactions, fraudulent web sites, or different on-line channels—earlier than transitioning into crypto the place recovering stolen belongings turns into practically not possible. Whereas the business has historically targeted on both Web2 or Web3, CUBE3.AI leverages distinctive experience and proprietary AI expertise that seamlessly integrates each realms, enabling the detection and prevention of fraud throughout the complete digital panorama. This method addresses a crucial hole by providing a holistic view of fraud patterns throughout each Web2 and Web3, enabling early detection, thorough danger evaluation, and well timed intervention.
“Probably the most damaging scams typically contain advanced journeys that span each conventional and crypto areas. We’ve constructed an answer that appears on the full image, from preliminary contact in Web2 all the best way to last transactions in Web3,” stated Einaras Gravrock, CEO of CUBE3.AI. “Actual-time fraud prevention is a posh problem that requires experience in each realms, together with superior expertise able to decoding numerous information and understanding context. Our platform is extra than simply expertise—it’s about restoring belief. Whether or not it’s defending companies from soiled cash or safeguarding folks from devastating losses, this answer marks a major step ahead within the battle in opposition to digital fraud.”
CUBE3.AI’s enhanced platform integrates information from social media, on-line platforms, and darkish net sources, combining it with real-time Web3 transaction monitoring. Proprietary AI fashions educated to interpret the context of this information generate a complete danger rating, empowering companies to behave swiftly earlier than scams escalate. By providing seamless visibility into each Web2 and Web3 actions, CUBE3.AI permits organizations to preemptively 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 must be simply as refined. Our AI-powered instruments join the dots between Web2 and Web3, giving us a singular edge in figuring out threats earlier than they escalate,” stated Chris Griffiths, CTO of CUBE3.AI. “By providing this degree of visibility and pace, we empower companies to make knowledgeable selections and shield their customers in actual time.”
These new capabilities present exchanges, monetary establishments, and repair suppliers with the early detection and danger administration they should keep away from facilitating fraud, shield person belief, and decrease monetary losses. By providing an answer that integrates information from each Web2 and Web3, CUBE3.AI units a brand new normal in fraud prevention, serving to companies keep forward of quickly evolving threats.
About CUBE3.AI
CUBE3.AI is an progressive platform devoted to real-time fraud and crypto crime prevention. Using proprietary synthetic intelligence fashions, CUBE3.AI protects digital belongings and transactions from fraud, cyber exploits, hacks, scams, and compliance dangers, empowering companies to guard their belongings, scale back chargebacks, and decrease monetary losses. Our expertise not solely responds to incidents but additionally anticipates and prevents them earlier than they happen, safeguarding companies and people from the dangers related to crypto transactions.
The corporate was based by a workforce of machine studying researchers, fraud prevention specialists, white hats and blockchain engineers, and 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 be a part of CUBE3.AI on LinkedIn, Twitter and Telegram.
Contact
Head of Advertising
Rasa Petuch
CUBE3.AI
rasap@cube3.ai
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