Web3 money platform Wirex has announced a significant enhancement in its measures to combat Dark Web activities and money mule threats.

The company has seamlessly incorporated ZeroFox’s Dark Web Monitoring tool into its system, creating a unified solution. This way, a combination of human and artificial intelligence actively scans the Dark Web for potential dangers like leaked data, compromised credentials, and other sensitive information in real-time.

ZeroFox is a US-based leading cybersecurity company that provides organisations with comprehensive visibility and protection across the surface, deep and dark web.

This proactive approach allows for early detection and prompt intervention. Wirex benefits from ZeroFox’s advanced monitoring capabilities, utilising a sophisticated system that issues detailed alerts about potential threats, including their severity and escalation status, ensuring a quick and effective response to incidents.

A significant aspect of this initiative is the effective combat against mule accounts, a critical concern in the financial industry. The integrated system is adept at identifying and responding to suspicious account activities, thereby significantly reducing the risk of financial fraud and reinforcing the security of user transactions.

Pavel Matveev, CEO & Co-founder of Wirex, commented:

“It is a significant step forward in our continuous commitment to improving online security. The cutting-edge technology offered by ZeroFox has played a crucial role in strengthening our defenses, especially in combating the rise of the money mule accounts. This has reinforced our standing as a reliable financial platform.”