The round of capital was completed under the leadership of the US VC Converge VC and New North Ventures. Venture capitalist Founder Collective and other VCs, angel, and private investors were also involved. According to moneycab, the cyber security startup has already reported more than 2000 bank accounts and crypto wallets linked to cybercrime and money laundering to law enforcement and financial institutions.
According to a Cybera Global representative, they aim to bring more speed, consistent internationality, and comprehensive prevention into the investigation system with Cybera. This aim is divided into ‘prevention’ and ‘response’. To prevent cybercrime, Cybera uses a global reporting platform (CYBERCRIME COMPLAINT).
With this technology, criminal activities should be reported more quickly to domestic and foreign authorities using innovative technology. This is done through transaction monitoring, onboarding, and KYC, as well as intelligence and investigations. It works with a Cybercrime Watchlist, which is a global dataset to detect and prevent cyber-related financial crime, scams, and money laundering, in order to reduce victim losses, costs & regulatory risk. Information is sourced in real-time from official victim complaints and mule accounts are tracked, stopped, and alerted.
In order to respond to cybercrime, Cybera makes use of the CYBERCRIME COMPLAINT service, which enables cybercrime reporting and coordinated global response to recover stolen funds. This service provides legal aid to support victims, by sharing criminal complaints with beneficiary institutions and law enforcement, assisting in the effort to recover funds and reduce money laundering.
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