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By Alma Angotti
The explosive adoption of “trustless” networks, digital currencies, assets and their associated commerce has created a perfect environment for innovative and difficult to combat crime funding mechanisms. It is evident that the effect of these digital currencies will continue to present a challenge for financial institutions as criminals exploit these vehicles to commit fraudulent activity.
Guidehouse, in partnership with AyasdiAI recently hosted the webinar Crypto Explosion. We provided a comprehensive outline and explanation on the various types of cryptocurrencies and the major pitfalls for financial institutions (FIs). We also discussed the techniques, challenges and tools that FIs can leverage that create transparency and empower them to better understand and mitigate the attacks.
Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries, the firm collaborates with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future.