February 15 • 2023

CYBERA supports World Economic Forum Atlas initiative to disrupt cybercriminals 

Cybercrime is low risk, low investment, and high return. Not surprisingly, illegal financial gain is one of the biggest reasons for cyber-attacks. The result is a predicted USD 10 Trillion of damages by 2025. Our vision is to change that.

CYBERA was set up with a specific mission: disrupt financial cybercrime by connecting victims, law enforcement, and private firms. We firmly believe that data sharing between these parties is a key weapon against the organised crime gangs that are behind so many of these crimes, whether investment or romance scams, business email compromise or the money laundering required to facilitate them 

  

We are, therefore, very proud to support the World Economic Forum (WEF) Atlas initiative, along with the other esteemed partners, to increase public, private data sharing and increase intelligence led disruption.  

  

At CYBERA we are directly supporting the WEF Atlas project through provision of data and intelligence gained from both our closed source and open sources. Our expert advisor in Intelligence & Research, Roman Sannikov has undertaken some sterling work as part of the programme, by obtaining and sharing intelligence to assist law enforcement in identifying and locating threat actors and gangs who are responsible for some of the most damaging malicious activity including ransomware, business email compromise, phishing campaigns, and others.  

  

This work is so important as, with improved data sharing between all the parties, law enforcement is able to take direct action against identified criminal networks, disrupting on a targeted, yet broad basis. This disruption takes multiple forms from arrest and imprisonment to seizure and recovery. This also offers victims a greater chance of funds repatriation, and helps prevent the targeting of further victims. As we know, in many cases some of the people involved are victims themselves of human trafficking and modern slavery, so we are also helping these victims.  

  

Increasing collaboration between stakeholders is part of our DNA at CYBERA and something we do everyday, not just as part of the WEF Atlas project. We have a number of non-profit and law enforcement agency partners, as well as businesses, that share victim and mule data to help disrupt financial cybercrime. 

After working for many years as a prosecutor specialized in fighting cybercrime and frankly being frustrated about the significant hurdles to prosecuting criminals, we decided to found CYBERA. We realized two key areas that were lacking. First a coordinated global response to support bank and crypto customers who have become victims of scams and fraud. And second the ability to share information from victims, in real-time, to prevent further fraudulent transactions from happening. So that is what we have created – a platform to support victims of cybercrime and share data in real-time to improve fraud prevention, fight money laundering and reduce costs. We are proud to help support the World Economic Forum Atlas initiative that aligns directly with our mission.’ said CEO & Co-founder Nicola Staub

Find out more about the WEF Atlas initiative here:  https://www.weforum.org/press/2023/01/forum-hosted-cybercrime-initiative-to-boost-coordination-between-private-sector-and-law-enforcement 

About CYBERA 

At CYBERA we’re on a mission to help protect customers from financial cybercrime. 

With the level of attacks continuing to grow with multi-billion dollar losses globally, financially motivated cybercrime threatens the benefits of digital finance and commerce. 

CYBERA provides a coordinated global response to support victims of cyber scams and fraud. By sharing criminal complaints with beneficiary institutions and law enforcement, CYBERA helps in the effort to recover funds. CYBERA’s also offers the capability to share crime data in real-time to prevent further fraudulent transactions from happening to others. 

CYBERA is a high-growth global startup company with Swiss roots, headquartered in New York City, CYBERA has real life presence around the globe.