Blockchain data platform Chainalysis launches Crypto Incident Response service

The program aim at recover lost funds in the event of an incident such as a cyber attack or unauthorized network intrusion that involves cryptocurrency theft or demand.

Blockchain data platform Chainalysis announced the launch of Crypto Incident Response, a rapid response service for organizations that have been targeted by a cyber attack or unauthorized network intrusion that involves a cryptocurrency theft or demand.

Chainalysis investigators have worked with organizations in the private and public sectors on hundreds of incidents involving cryptocurrency, and have helped solve some of the most high-profile cyber criminal cases. The Chainalysis Crypto Incident Response Service  arms organization with the expertise and investigative capabilities needed to recover lost funds in the event of an incident such as a cyber attack or unauthorized network intrusion that involves cryptocurrency theft or demand.

Here’s how Crypto Incident Response works:

• After an incident such as a hack, ransomware attack, code exploit, or flash loan attack occurs and cryptocurrency funds are either demanded or stolen, the victim can contact the 24/7 Chainalysis Crypto Incident Response hotline.
• Chainalysis will then assign a dedicated team of experts leveraging advanced investigative capabilities to work around the clock and side-by-side with the victim organization.
• If needed, the Chainalysis team can help liaise with law enforcement and asset recovery counsel.

"Attacks are increasing in frequency and severity, presenting a significant barrier to building trust in cryptocurrency. We’re investing in this service not just to assist organizations in their times of need, but also to help bring bad actors to justice and demonstrate that crypto is not the asset class of anonymity and crime", the company stated.