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Exposing a Gap in the Blockchain Economy – Even Security Guards Need Security

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Blockchain has made a name for itself by bringing a near fool-proof level of verification to the age of the internet. This is due to the unique way blockchain stores data: Essentially, each new block of data connects to all the blocks before it in a cryptographic chain in such a way that it’s essentially impossible to tamper with. All transactions within the blocks are validated and agreed upon by a consensus mechanism amongst the entire network, ensuring that each transaction is verified and correct.

All of this is true and has stood the test of time thus far. Blockchain has created an impenetrable fortress around the trading of digital currencies and assets, and because of this, trillions of dollars have been traded in this emerging economy. That being said, security is only as valuable as its weakest link. You can fortify your house all you want, when someone has the key to your front door, they’ll walk right in.

In the first six months of 2021 there was a reported 700% increase in SMS phishing compared to the year before. According to a recent Coinbase Security Team article, financial fraud using smishing, a form of phishing that uses mobile phones as the attack platform, is now one of the most used cyber-attacks against cryptocurrency traders. The decentralized nature of blockchain transactions is both its greatest strength and biggest threat in this way. Since there is no governing entity who can reverse a crypto transaction once it has been recorded on chain, malicious actors see this as a prime target for all kinds of phishing attempts to get access to your private key or trading account. With the rapid global adoption of crypto and NFTs we will certainly continue to see an uptick in phone number spoofing and fake 2FA messages.

With this in mind there is a pertinent need for a security solution that will detect and stop phishing threats before they have the chance to succeed. Thankfully Total Network Services (TNS), Rypplzz and Forward Edge-AI have partnered to bring Gabriel® Crypto to the international marketplace. Gabriel Crypto is a revolutionary smartphone security solution that combines Swarm Intelligence, Machine Learning, AI, Natural Language Processing, Tokenized Mobile Equipment Identifiers (E-MEIDs) with patented geospatial intelligence, an Encrypted Blockchain Database, and $DigitalNames into an easy-to-use smartphone defense system.

Originally developed under a National Science Foundation (NSF), Small Business Innovation Research (SBIR) grant, Gabriel was developed to protect consumers against vishing (phishing attacks that involve the use of voice calls) and smishing attacks by Crowdsourcing intelligence, to quickly identify and block dangerous voice calls and text messages. Forward Edge-AI recently partnered with TNS who brings to Gabriel Crypto two of their solutions, $DigitalNames and E-MEID. $DigitalNames provides an alias for public keys to deliver triple factor authentication for every wallet transaction to ensure user information is protected. The E-MEID, powered with patented technology from Rypplzz, records the wireless device’s MEID on a blockchain to create a cryptographically protected immutable record of device software and user licensing.

E-MEID also alerts users of any relevant National Vulnerability Database (NVD) entry. NVD data enables automation of vulnerability management, security measurement, and compliance. Finally, the E-MEID solution provides advanced geolocation data and supply chain management capabilities, via Rypplzz’s Interlife® platform, which can dramatically improve security measures and provide near-real-time operational options based on the location of the associated asset.

Forward Edge-AI was recently approved by an independent third-party risk management and due diligence assessment created by TruSight Solution. TruSight is the best practices third-party assessment service created by leading industry participants for the collective benefit of all financial institutions, their suppliers, partners, and other third parties. Its founders include Wells Fargo, JPMorgan Chase, Bank of America, American Express and BNY Mellon.

Eric Adolphe, Forward Edge-AI’s Chief Executive Officer, stated, “I am pleased to announce that Total Network Services has joined the Gabriel Zero-Day Scam detection ecosystem.”  Through its integration with TNS, Gabriel is able to offer an enhanced solution to detect, block, and report smishing attacks in 25 languages. With Purple Alerts™, app users are notified in real-time when it is intelligently detected they are engaging with a scammer by voice or through text messaging. Through the integration with TNS, Gabriel Crypto app users can earn cryptocurrency by participating in a gamified experience that helps to deepen Gabriel security by crowdsourcing intelligence.

Kevin L. Jackson, TNS Senior Vice President sees this as a new and revolutionary cybersecurity step forward. “Gabriel Crypto applies artificial intelligence, machine learning, and crowdsourced intelligence to the protection of cryptocurrency and crypto securities communications and transactions. This cyber-defense advance is a critical need across the new decentralized finance environment.”

Josh Pendrick, Rypplzz’s Chief Executive Officer, commented, “this is a first step towards not only securing the supply chain assets that hold our society together, but to dramatically reduce complexity and improve efficiency in global supply chain resource management.”

About ForwardEdge AI:  ForwardEdge AI, Inc.’s mission is to leverage Artificial Intelligence and other emerging technologies to solve complex problems of social consequence.  To learn more about ForwardEdge AI visit https://forwardedge-ai.com/

About Total Network Services, Corp:

Total Network Services, Corp (TNS) is a San Diego-based developer of simple, safe and secure blockchain-focused products and services designed to help the world transition into the blockchain economy. TNS’s innovations span across industry boundaries — from FinTech to Telecom security —all supported by its network infrastructure.  TNS’s mission is to improve legacy solutions by infusing new levels of verification into the next internet evolution. To learn more about TNS visit https://tnscorp.io/

About Rypplzz, Inc.

Rypplzz has developed a patented spatial computing system, called Interlife, that is transforming the task of secure digital payload delivery and management. Its mission is to optimize efficiency for a sustainable and harmonious society. To learn more about Rypplzz visit https://rypplzz.com/

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

EFX Algo’s April Ascendancy: Commanding $37.63 Million in Deposits with Profits Soaring to $3.27 Million

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As of April 11, 2024, EFX Algo stands out as a formidable force in the automated trading industry, showcasing extraordinary growth with a record-breaking $39 million in deposits across over 520 accounts. This month alone, EFX Algo realized gains of $321.24k, contributing to an impressive yearly profit of $2.75 million, cumulating a total profit of $3.5 million.

This financial technology powerhouse, co-founded by industry leaders Danny Reardon, Bogdan Padua, and Joe Amara, revolutionized the investment landscape by merging advanced technology with deep market insight to deliver a truly automated, hands-free trading experience.

EFX Algo is marking a significant footprint in the financial technology landscape. This article delves into the remarkable achievements of EFX Algo, spotlighting its rapid growth and the exceptional monthly gains that captivate investors globally.

A Financial Phenomenon

EFX Algo began as an idea between co-founders with a shared ambition to democratize the trading market. Today, it stands as a juggernaut in automated trading, having processed over $39 million in deposits across hundreds of accounts. As of recent evaluations, EFX Algo manages these substantial funds and delivers impressive gains, with reports showing an upward trajectory of $1.43 million in profits in just one month. 

“We created a platform that exhibits robust performance and reliability time and again,” Reardon said. “I think I speak for all of us at EFX Algo when I say we are proud to show our numbers, because they reflect our aims: Democratized trading profits for all.”

Innovative Trading Strategies and Performance Metrics

At the heart of EFX Algo’s success are its innovative trading strategies, designed to cater to various investor profiles from conservative to aggressive. The platform’s ability to yield consistent returns is evidenced by its performance metrics, boasting gains that significantly outperform traditional investment benchmarks.

“We employ a diversified approach, meticulously back-tested and refined, to ensure stability and growth amidst the volatile financial markets,” said Reardon.

Unparalleled Support and Client Success Stories

Beyond its financial accomplishments, EFX Algo shines in customer support and satisfaction. The platform has been likened to having a personal assistant, akin to ‘Alfred from Batman,’ always ready to assist and enhance the investment journey.

Testimonials abound of users experiencing substantial portfolio growth, with one investor highlighting a 20.5% increase in just four months.

“We care about empowering investors with the tools and support necessary for success,” Reardon shared.

A Transparent and Trustworthy Trading Partner

Transparency and trust form the cornerstone of EFX Algo’s philosophy. Through real-time data verification with Myfxbook, clients and would-be clients alike can independently assess the platform’s performance, ensuring that their investment decisions are based on genuine and untampered data.

“We believe our openness cements our reputation as a reliable partner in the automated trading industry,” Reardon said. “We are building a community of informed and enabled investors.”

A Visionary Leap into the Future of Trading

EFX Algo is a vision realized, transforming the space of automated trading and setting new benchmarks in financial technology innovation. As it continues to grow and expand its horizons, EFX Algo proves to be a gateway to financial equipment and independence. With its impressive growth, consistent performance, and dedication to client success, EFX Algo stands as a paragon of investment excellence, reshaping the future of trading one transaction at a time.

About EFX Algo

Founded by Danny Reardon, Bogdan Padua, and Joe Amara, EFX Algo is an innovative, fully-automated trading bot designed to provide 100% hands-free, high-return investment opportunities by transforming yearly gains into monthly profits, previously exclusive to an educational network and now available to the general public. The software is designed to manage investments and execute trades in the financial markets without the need for manual intervention. For more information, please visit: https://www.efxalgo.com

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