KUALA LUMPUR (Jan 15): Technology research and consulting firm Gartner Inc said that in the next three years alone, successful cryptocurrency thefts and ransomware payments will drop by 30%. Blockchains are more transparentGartner said transparent blockchains are much easier platforms on which to track criminal payments than siloed, legacy payment systems ever were. This means that effective anti-blockchain-fraud systems must integrate with just 23 totally transparent platforms rather than thousands of enterprise systems and payment networks, it said. Emerging blockchain intelligence marketThe firm said vendors like Chainalysis, CipherTrace (a Mastercard company), Elementus and TRM Labs provide insights to authorities who need forensics to investigate hacks. GovernmentsAside from increasing adoption of rapidly advancing blockchain intelligence and fraud prevention tools, governments are also stepping in to make it harder to use cryptocurrency for criminal purposes.
