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ProtectedBy.AI Is Awarded DoD Contract to Develop Innovative Tools to Combat Criminal Cryptocurrency Transactions

ProtectedBy.AI has received an award worth up to $7.6 million through the Consortium Management Group, Inc., on behalf of the Consortium for Command, Control and Communications in Cyberspace (C5) The award is to develop a prototype solution that will research, analyze, and identify transactions within blockchain records. The anonymity inherit to cryptocurrency is increasingly being used to facilitate unlawful transactions and enable crimes including narcotrafficking, human trafficking, extortion, corruption and ransomware. C5 accelerates the development and deployment of new capabilities to the warfighter through the use of Other Transaction Authority.”]

Source: https://www.darkreading.com/attacks-breaches/protectedby-ai-is-awarded-dod-contract-to-develop-innovative-tools-to-combat-criminal-cryptocurrency-transactions

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