Uppsala Security, a company specializing in crypto Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, recently announced a significant partnership with Ozys, a blockchain technology enterprise. This collaboration aims to bolster the security framework of the Web3 ecosystem, a rapidly evolving landscape that requires robust protection against emerging threats.
Ozys, based in the Republic of Korea, has established itself as a key player in the blockchain industry, particularly in the development of decentralized services. The company’s portfolio includes platforms for decentralized finance (DeFi), on-chain analytics, and chain explorers, all of which are designed to provide user-friendly solutions while maintaining a strong focus on security. The company is known for its proactive approach to Web3 security, emphasizing the importance of rigorous security audits before launching or updating services. Furthermore, Ozys implements measures to prevent phishing attacks, reflecting its commitment to safeguarding the integrity of the Web3 ecosystem.
The partnership between Uppsala Security and Ozys marks a significant step toward enhancing the security of blockchain transactions and assets. As part of this collaboration, the two companies have successfully developed a real-time monitoring and information-sharing system. This system is centered around Uppsala Security’s Crypto Incident Response Center (CIRC) service, which addresses security incidents related to cryptocurrency assets and blockchain transactions. The CIRC service has proven to be an effective tool in managing and resolving security breaches within the crypto space.
Since its inception, the Crypto Incident Response Center has handled approximately 2,000 individual cases, with reported damages amounting to around 1 trillion Korean won. This service has played a crucial role in not only recovering lost funds but also in apprehending the perpetrators involved in these incidents. Moreover, the CIRC service is actively involved in supporting international cooperation with law enforcement agencies across approximately 30 countries, further emphasizing its global reach and impact. This collaboration has been instrumental in capturing offenders and recovering assets, thereby contributing to the overall security of the Web3 ecosystem.
In a notable achievement, Uppsala Security recently played a crucial role as an official collaborator with INTERPOL. The company contributed to the Paris 2024 Olympics Joint Task Force by sharing threat intelligence aimed at securing the cryptocurrency landscape. This collaboration involved other respected Gateway and private partners, highlighting Uppsala Security’s role as a key player in global efforts to combat cyber threats within the cryptocurrency domain.
In addition to its partnership with Ozys, Uppsala Security has recently completed the development of an advanced AI-based digital asset investigation service known as Chainkeeper. This service represents a significant advancement in the protection of user assets and strengthens the overall security response to malicious activities targeting the Web3 ecosystem. Chainkeeper is poised to lead the way in digital asset security, providing users with an enhanced level of protection against potential threats.
Jin-Han Choi, the CEO of Ozys, underscored the importance of security within the Web3 space, stating that it is as crucial as the growth of the ecosystem itself. His remarks reflect the shared commitment of both companies to prioritize the safety and security of digital assets as they continue to innovate and develop new technologies within the blockchain industry.
Patrick Kim, the CEO of Uppsala Security, highlighted that this partnership represents a significant milestone in enhancing the security of the Web3 ecosystem. He emphasized that the collaboration with Ozys will focus on protecting user assets by providing a secure digital asset environment through real-time threat monitoring and information sharing. This approach is expected to significantly improve the overall safety of the Web3 space, benefiting users and stakeholders alike.
Ozys, as a blockchain technology company based in the Republic of Korea, is dedicated to fostering connectivity and collaboration within the blockchain ecosystem. The company leverages its technological expertise to bridge diverse blockchain platforms, thereby enhancing integration and driving innovation within the Web3 industry. Through continuous research and development, Ozys is committed to leading global change and shaping the future of blockchain technology. The company is currently involved in the development of the zkEVM rollup network, Silicon, in collaboration with Polygon, further cementing its role as a key innovator in the blockchain space.
Uppsala Security, on the other hand, continues to be an innovator in the field of cybersecurity, with a specialization in Crypto AML, CTF, transaction risk management, regulatory compliance, and transaction tracking. The company’s team of experts is focused on anticipating and mitigating emerging threats within the Web3 ecosystem. By equipping both individuals and organizations with the necessary tools and knowledge, Uppsala Security aims to protect assets in the dynamic and often unpredictable cryptocurrency landscape. The company’s commitment to security is evident in its comprehensive transaction tracking and analysis services, which prioritize the recovery of lost funds and the effective response to hacking incidents.
The partnership between Uppsala Security and Ozys is expected to play a pivotal role in enhancing the security of the Web3 ecosystem, providing users with a safer and more secure environment for their digital assets. As the Web3 space continues to evolve, the combined expertise and resources of these two companies will be instrumental in addressing the challenges and threats that arise within this rapidly growing industry.