Binance has announced its involvement in the Cybercrime Atlas initiative, which aims to disrupt the global cybercriminal ecosystem through open-source intelligence. The initiative focuses on identifying vulnerabilities and enhancing threat mitigation efforts.
According to a press release by Binance, the company is participating in the Cybercrime Atlas, an initiative hosted by the World Economic Forum that encourages collaboration among various organizations to combat cybercrime. The Cybercrime Atlas emphasizes sharing intelligence and leveraging open-source research to disrupt criminal networks operating in the digital space.
Launched in January 2023, the Cybercrime Atlas brings together 23 organizations from different sectors to develop strategies for mitigating cyber threats. According to Binance's press release, the initiative seeks to address the fragmented global response to cybercrime by uniting experts in cybersecurity, finance, and information technology to create a detailed map of the cybercriminal ecosystem.
Nils Andersen-Röed, Binance’s global head of the financial intelligence unit, states, "By participating in efforts like this one, Binance contributes to securing the digital-asset space and the broader digital environment. We remain confident that working together is the most effective way to disrupt cybercrime and build a safer, more resilient internet for everyone."
Binance operates as a major global blockchain platform with the largest digital asset exchange by trading volume. The company offers a wide range of financial products and services and is known for its comprehensive ecosystem, which includes educational resources, research initiatives, charitable projects, and an NFT marketplace. In 2022, Binance reported significant activity with an average daily trading volume of $65 billion and 300 billion spot transactions.