Uppsala Security Signs ‘K-Virtual Asset Threat Intelligence Industry-Academic Joint MOU’ with Hoseo University’s Department of Digital Financial Management
Singapore, September 7th 2023 — Uppsala Security, a pioneer in providing top-tier security tools and services for Crypto Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF), Transaction Risk Management, Regulatory Compliance, and Transaction Tracking, is excited to announce the signing of an industry-academia joint MOU with Hoseo University’s Department of Digital Financial Management. The objective is to establish and advance the creation of the “Korea Digital Asset Threat Intelligence Center (KDTC)”.
The ‘TRDB’ database — secured by Uppsala Security, dedicated to hosting crowdsourced virtual asset threat indicators, stands out for its extensive blacklist data associated with various domestic financial crimes, including phishing and scams. This data is sourced from reports submitted by actual victims of virtual asset crimes through Uppsala Security’s Crypto Incident Response Center (CIRC).
During the period from April to August 2020, the cumulative number of reports reached approximately 2,000, with the total damages amounting to around 670 Billion Korean won (slightly over $500 M USD). To effectively monitor virtual asset suspicions, previously reported blacklist data is categorized and stored within the TRDB. This enables swift identification of connections with suspected wallets linked to past criminal records, even when investigating new potential virtual asset cases.
With this in mind, Uppsala Security is spearheading the ‘K-Virtual Asset Threat Intelligence Industry-Academia Joint Project’ through a collaboration MOU with Hoseo University’s Department of Digital Finance Management. This initiative facilitates exchanges of knowledge and resources, contributing to the practical education of Hoseo University students in matters related to tracking and analyzing virtual assets.
Uppsala Security has revealed that outstanding students selected for the industry-academic cooperation program will have the opportunity to join Uppsala Security’s CIRC as interns. Furthermore, Dr. Kim Hyung-joong, a distinguished professor at Hoseo University, will assume the role of executive validator for the ‘KDTC’s virtual asset threat database.
Sora Kang, the head of the Department of Digital Finance Management at Hoseo University, shared, “This collaboration with Uppsala Security represents a pivotal chance to enhance our students’ learning experiences in the realm of virtual asset tracking and analysis, while also fostering practical application skills.”
Koo Min-woo, Uppsala Security’s South Korea Country Manager, affirmed, “Our collaborative agenda with Hoseo University encompasses promoting authorized educational initiatives and certification projects related to virtual asset tracking and analysis. Looking ahead, we also aim to jointly advocate for the ‘virtual asset threat information construction project’ within government agencies.”
About Uppsala Security
Uppsala Security is a leading provider of innovative security tools and services, specializing in Crypto Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF), Transaction Risk Management, Regulatory Compliance, and Transaction Tracking. With a team of experts dedicated to staying ahead of emerging threats, Uppsala Security empowers organizations with the knowledge and tools to safeguard their operations in the fast-paced world of cryptocurrencies.
