This post is also available in: עברית (Hebrew)
Imagine yourself as the manager of one of the biggest banks in the world right now – millions of customers, hundreds of millions of accounts, and thousands of transactions occurring at any given moment. Any amount of money passing through the bank system could be used by terror organizations and criminal syndicates to fund their activity.
Similarly to banks, other transaction based networks feel the impact of criminal activity too. For example, in the blockchain networks, the anonymity of the network and its complexity, insignificant regulation and analysis tools which create a specific picture relevant only to a single account, all add to the flourishing hub of money laundering, ransom, and jamming of the system.
Another popular network is the social media network – today there are many tools which allow for extensive content analysis in the network, as well as identifying bots and fake news. However, pulling off a hidden campaign against big and small companies, as well as other countries, requires a whole array of users acting a certain way to create a base of operation. These arrays can also be constructed using mostly real users.
Tools that provide analysis abilities and surface level monitoring cannot provide an answer to the abovementioned challenges.
Many of the existing tools on the market today offer localized and specific conclusions that are based on abnormalities in bank transactions and the user activity of acrypto wallet of. The problem is that, most of the time, those that want to evade the tools know the rules well and create sophisticated patterns. Therefore, an account network activated by an “innocent” NPO can be siphoning funds to terror groups or Twitter users whose goal is to produce a heated narrative that will ultimately cause the overthrow of the current government.
In order to detect and understand suspicious networks we must look at them from a different perspective – viewing the network as different than a singular entity. In order to know how to deal with these threats and provide a solution based on network analysis, there needs to be a tool that can analyze a vast amount of transactional information, detect and alert of irregular activity patterns.
To answer these concerns, the Israeli startup company NEXTDIM developed a breakthrough solution whose goal is to detect financial criminal activity while minimizing false alerts by the existing monitoring tools.
The company provides a network analysis tool based on a strong algorithmic engine that allows for the modelling of information and its display on the network, which can then analyze the network, detect and alert of abnormalities and irregular patterns of activity. The system even provides unique visual capabilities and the augmentation of information that in turn allows for fast and effective analysis of the abnormalities and yielding conclusions from seeing the full picture.
The NEXTDIM Company operates in the finance, crypto and social media worlds – where the company has costumers from the defense sector. For them, the added value that the company provides is detecting suspicious activity that might indicate the presence of an influence operation, understanding its activity, providing aid in providing connections between a campaign to certain actors, showcasing its effectiveness and constant monitoring to inspect the platform for a “political emergence” online.
For additional information and inquiries, you can contact NEXTDIM through their website next-dim.com.
The startup is a graduate of the INNOFENSE Innovation Center operated by iHLS in collaboration with IMoD. a unique acceleration program that removes entrance barriers to the technological ecosystem turning startups into mature, leading companies while connecting them with relevant investors, which is designed to strengthen the links between the civilian and defense markets via the collaborative development of the technologies, thus advancing and improving their integration in both markets.
Prepared to dive into the world of futuristic technology? Attend INNOTECH 2023, the international convention and exhibition for cyber, HLS and innovation at Expo, Tel Aviv, on March 29th-30th
Interested in sponsoring / a display booth at the 2023 INNOTECH exhibition? Click here for details!