Longstanding Customer Expands Cognyte Portfolio with Blockchain Analytics Solution to Combat Illicit Transactions
Summary
“As a trusted partner we understand that longstanding customers are challenged with new use cases in growing domains like cryptocurrency, and our rich portfolio aims to meet their needs,” said Efi Nuri, Chief Revenue Officer at Cognyte. “Cognyte’s advanced blockchain analytics helps to de-anonymize hidden transactions within financial investigations and mitigate the harm caused by criminal enterprises exploiting cryptocurrency networks for growing use cases like terrorism funding and Darknet market illicit activity. The customer will gain blockchain intelligence that was previously unattainable, empowering their investigators to safeguard the integrity of their digital financial ecosystems and bring criminals to justice.” Law enforcement agencies and financial crime units worldwide can leverage Cognyte’s solution to combat illicit cryptocurrency activities, including cybercrime, organized crime, trafficking and money laundering. Hundreds of customers rely on our solutions to accelerate and conduct investigations and derive insights, with which they identify, neutralize and tackle threats to national security and address different forms of criminal and terror activities. Cognyte assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.