CUBE3.AI Unveils AI-Pushed Know-how to Detect and Block Rising Tide of New Scams and Fraud

Palo Alto, California, United States, September fifth, 2024, Chainwire

AI-driven platform detects fraud at its earliest levels, stopping billions in potential crypto losses

As scams develop extra subtle and more and more goal crypto for laundering billions in losses, CUBE3.AI is pioneering a brand new period in fraud prevention. Immediately, the corporate introduced main enhancements to its platform that bridge the hole between Web2 and Web3, enabling real-time danger evaluation and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others.

In 2023, funding scams alone led to greater than $4.5 billion in losses, with 86% linked to cryptocurrency. A considerable portion of those scams originate in Web2—by way of social media interactions, fraudulent web sites, or different on-line channels—earlier than transitioning into crypto the place recovering stolen belongings turns into practically inconceivable. Whereas the business has historically targeted on both Web2 or Web3, CUBE3.AI leverages distinctive experience and proprietary AI know-how that seamlessly integrates each realms, enabling the detection and prevention of fraud throughout the whole digital panorama. This method addresses a important hole by providing a holistic view of fraud patterns throughout each Web2 and Web3, enabling early detection, thorough danger evaluation, and well timed intervention.

“Essentially the most damaging scams typically contain advanced journeys that span each conventional and crypto areas. We’ve constructed an answer that appears on the full image, from preliminary contact in Web2 all the best way to last transactions in Web3,” stated Einaras Gravrock, CEO of CUBE3.AI. “Actual-time fraud prevention is a fancy problem that requires experience in each realms, together with superior know-how able to deciphering numerous knowledge and understanding context. Our platform is extra than simply know-how—it’s about restoring belief. Whether or not it’s defending companies from soiled cash or safeguarding folks from devastating losses, this answer marks a big step ahead within the battle in opposition to digital fraud.”

CUBE3.AI’s enhanced platform integrates knowledge from social media, on-line platforms, and darkish net sources, combining it with real-time Web3 transaction monitoring. Proprietary AI fashions educated to interpret the context of this knowledge generate a complete danger rating, empowering companies to behave swiftly earlier than scams escalate. By providing seamless visibility into each Web2 and Web3 actions, CUBE3.AI permits organizations to preemptively block threats that might in any other case go unnoticed till it’s too late.

“As criminals more and more depend on AI to scale their assaults, our response must be simply as subtle. Our AI-powered instruments join the dots between Web2 and Web3, giving us a novel edge in figuring out threats earlier than they escalate,” stated Chris Griffiths, CTO of CUBE3.AI. “By providing this degree of visibility and velocity, we empower companies to make knowledgeable choices and shield their customers in actual time.”

These new capabilities present exchanges, monetary establishments, and repair suppliers with the early detection and danger administration they should keep away from facilitating fraud, shield consumer belief, and reduce monetary losses. By providing an answer that integrates knowledge from each Web2 and Web3, CUBE3.AI units a brand new commonplace in fraud prevention, serving to companies keep forward of quickly evolving threats.

About CUBE3.AI

CUBE3.AI is an progressive platform devoted to real-time fraud and crypto crime prevention. Using proprietary synthetic intelligence fashions, CUBE3.AI protects digital belongings and transactions from fraud, cyber exploits, hacks, scams, and compliance dangers, empowering companies to guard their belongings, cut back chargebacks, and reduce monetary losses. Our know-how not solely responds to incidents but in addition anticipates and prevents them earlier than they happen, safeguarding companies and people from the dangers related to crypto transactions.

The corporate was based by a staff of machine studying researchers, fraud prevention specialists, white hats and blockchain engineers, and is backed by main traders – together with Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Customers can be taught extra at www.CUBE3.AI and be part of CUBE3.AI on LinkedIn, Twitter and Telegram.

ContactHead of Advertising and marketingRasa PetuchCUBE3.AIrasap@cube3.ai

This text was initially revealed on Chainwire