Blockchain and crypto infrastructure provider Binance has just announced it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on identifying, validating, mitigating and neutralizing cybercrime threats.
According to the press release shared with iHodl, the company has just become the first organization in the blockchain and crypto industry to become a formal member of the alliance, which was established back in 2002 to enable the responsible sharing of information and subject matter expertise with partners from private sector industries, law enforcement and academia.
The aim of the alliance is to help combat and defeat cybercrime through the development and share of threat intelligence. According to statistics, the NCFTA’s initiatives have allowed to prevent the loss of $2 billion and launch thousands of criminal and civil investigations leading to over a thousand arrests.
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Matt LaVigna, President and CEO of the NCFTA, has said:
"Cybercrime is a global threat that continues to see exponential growth, with the potential to impact the very fabric of our society. Binance is an industry leader with a proven track record in aiding international cybersecurity investigations. With their leadership, collaborative approach and commitment to the war on cybercrime, they will enhance our ability to achieve the current mission of the NCFTA and assist in enabling a safe environment not only for the blockchain and cryptocurrency industry, but for everyone."