Binance will become the first crypto exchange to officially join forces with the cybersecurity organization NCFTA.
As digital assets gained a lot of traction in the past months, cybercrime became much more active than ever, with multiple exchanges suffering millions of dollars worth of losses in crypto.
On January 19th, Binance announced that the National Cyber-Forensics and Training Alliance will be joining Binance. The NCFTA is a non-profit organization that focuses on protecting users from cyber attacks, and has already prevented more than $2B worth of potential losses.
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The organization will be working alongside Binance’s Investigation Group which helps law enforcement cut down on cybercrimes related to the crypto industry.
CEO and President of the NCFTA Matt LaVigna spoke about how cybercrime is taking off at a high rate, with any form of digital assets being at risk. He highlighted the organizations' importance of protecting all users regardless if they’re involved in the crypto industry or not, stating:
"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."
By partnering up with the NCFTA, Binance seeks to become "the leading contributor in the fight against cybercrime, ransomware and terrorism financing."
Hopefully, the collaborative forces can reduce the crime rate that follows the industry as crypto start-ups keep getting targeted by hackers and organizations such as the North Korean Bluenoroff.
