Xplorisk

Innovation: The Catalyst for Economic Growth Last night, I had the honour of pitching Xplorisk to an audience of financial and technology leaders, including Baroness Tina Stowell MBE, Chair of the Communications and Digital Select Committee in the House of Lords. The awards for Advancements in Payments, Innovation, and Technology was part of Currency Research's Digital Currency Conference taking place in London this week. It was an inspiring showcase of groundbreaking ideas and visionary talent, marking a poignant moment as I approach my final days with Xplorisk. Innovation has always been a driving force behind economic growth, and it remains essential for governments looking to secure long-term success. Those that embrace and invest in innovative technologies position themselves to thrive for decades to come. While we didn’t take home the award for AI Use in Financial Risk Mitigation, being named a runner-up is a significant achievement for such a young startup. Thank you for making it happen: Matthew Hunt Shaun Ferrari Helen Gibson Laura Clatworthy Gerry Gaetz Matt Grasser Peter Tapling, APRP Helen Disney And, of course, congratulations to the winners! Here’s to continued innovation and collaboration in our industry! #PITWeek #PaymentTechnology #GameChangers #Awards #PaymentsInnovation #PaymentSolutions #Pitch?

Mid-Autumn Festival of Collaboration Last week, as I experienced Singapore and Token2049 for the very first time, two intriguing questions came to mind: 1. Why is it called Token2049? 2. Who will win the race? For the first question, I'll leave it to you to answer—after all, what better way to increase engagement than a little curiosity? I’m genuinely interested to see how many of you know the real reason! ?? As for the second question, beyond the McLaren team and their driver, Lando Norris who won F1 Grand Prix race on Sunday , the real winners in the race for blockchain adoption are all of us. Every participant, innovator, and enthusiast who traveled from around the globe to be part of Asia’s largest crypto event is helping shape the future of this transformative technology. From groundbreaking ideas to meaningful connections, one thing is very clear: collaboration is the true driver of our industry’s future. As for the response I got after every elevator pitch of Xplorisk: “It is very well needed.” It’s clear that we must work together to help our ecosystem rid of the bad actors engaging in financial crime and illicit activities, whilst many companies are still flying blind. Don't wait to the next full moon - time for follow ups is NOW. #Token2049 #BlockchainAdoption #Web3 #Collaboration #Singapore

??? Check out our latest product/platform releases and *enhancements*. Our institutional and enterprise-grade Crypto-Native Threat Exposure Management Platform continuously mitigates internal and external threats utilizing a powerful API and hyper-automation. Save time, save money, and close your blind spots by automating up to 90% of compliance and security risk management. *** 1. Full asset and infrastructure visibility of your Crypto/Web3 environment - internal wallets, counterparty wallets, NFTs, relevant smart contracts, relevant Web 2.0 infrastructure and more. *** 2. Ongoing and continuous risk assessment for the above + all transactions (internal and external). *** 3. Protection from double spend (and the equivalent), address poisoning, smurfing techniques, and other anomalies. *** 4. Perform ad-hoc screening of any wallet or smart contract before interaction. Deep compliance and risk screening. *** 5. Ongoing and continuous Web 2.0 threat intelligence to support the above. *** Crypto / Web3 companies, contact us to learn more and to improve your risk posture with a few clicks. *** Holistic Web3 and Web 2.0 compliance and security. *** ?? ??? ??? #Web3 #Crypto #RiskMitigation #RiskAutomation

?? A topic that we're very passionate about, and that we've presented at various conferences. "Web3 and Crypto Supply Chain Security: Navigating Hybrid Attacks and Fraud in 2024 and Beyond". Learn more in the article ?? #CounterpartyRisk #TPRM #Web3Security #CryptoCompliance

? Key Takeaways from the WazirX Security Breach ?? The recent security breach at the cryptocurrency exchange WazirX, resulting in a $230 million loss, underscores the need to further implement robust and layered security measures at Centralized exchanges and crypto companies in general. ?? Here are the key takeaways and recommended mitigation strategies from the WazirX incident - specifically preventative measures. #1. Multisig or MPC setups should be thoroughly vetted and audited ongoing verifying that there's no single point of failure or other "back channels" exposing the setup / key material. #2. Allegedly, there was a discrepancy between the data displayed on one of the custodian's interfaces and the actual environment. Thorough asset mapping and full control of all transactions and operations should always be under control with full data integrity. Data control and integrity are critical. #3. Additional smart contract/s were added to the multisig infrastructure. Ensure all custom code undergoes rigorous vetting and testing before deployment. #4. Perform regular penetration testing and security assessments to uncover and address vulnerabilities. Engage third-party security experts for independent reviews - as needed per best practices and regulations. #5. Implement real-time monitoring for both on-chain and off-chain activities to promptly detect and respond to anomalies - *internal* and external risks. Security analytics and preemptive blocking/prevention are key. #6. Conduct regular incident response drills to ensure preparedness and effective management of potential threats. With that, the prevention-first mindset is the way to go. ?? The WazirX security breach emphasizes the need for comprehensive, multi-layered security controls and proactive risk mitigation strategies. By addressing these technical issues, exchanges can better protect their users and assets. Ensuring security and integrity is key for mass Web3/Crypto adoption. #web3security #web3compliance #cyberreadiness #riskmitigation

Prevention first mindset and capabilities. Don't wait for the attack/hack/fraud to happen. #preventionFirst

?? Xplorisk is excited to announce our inclusion as an approved vendor in Formidium's Alts Marketplace, a premier technology platform for the alternative investment industry. This milestone allows us to showcase our innovative risk management solutions to a broader audience of fund managers, investors, and industry professionals in the alternative investment space. Our inclusion aligns perfectly with Alts Marketplace's mission to connect industry stakeholders with top-tier service providers, enhancing decision-making processes and operational efficiency. ?? Formidium:?https://formidium.com Formidium Corp: A global leader in financial services, Formidium provides technology-enabled fund administration and investment back-office solutions. Based in Downers Grove, Illinois, Formidium serves over 1000 clients with more than $25 billion in assets under administration. ? Alts Marketplace:?https://lnkd.in/gVvZ3FuD Alts Marketplace: A division of Formidium Corp, Alts Marketplace is a premier networking platform for the alternative investment industry. It connects fund managers, investors, and service providers, offering tools for showcasing profiles, conducting due diligence, and facilitating meaningful industry connections. ? Xplorisk:?https://www.xplorisk.com Xplorisk: The Xplorisk platform provides automated and continuous risk and fraud prevention for Crypto/Web3 companies. Built by industry leaders with a proven track record in securing large-scale crypto environments and enterprises, Xplorisk offers innovative solutions for mitigating risks in the rapidly evolving digital asset landscape.

??? Join us at the FINTECH JUNCTION ANNUAL SUMMIT, 15 July 2024, Expo Tel-Aviv. ? Check out our own Moran Hertzanu Weiss, Snir Levi and learn about how Web3 and fintech are shaping financial industries. ?? FinSec Innovation Lab - Startup Accelerator by Mastercard, Lynx Events #fintech #web3 #crypto #dreamteam https://lnkd.in/dKKqG9t4