Wirex Integrates ZeroFox to Strengthen Defense against Dark Web Threats

<p>Wirex has incorporated ZeroFox's monitoring tools to combat the threats from dark web activities and money mule accounts. According to the company’s press release, this solution utilizes human and artificial intelligence to scan the dark web for potential dangers, such as leaked data and fake credentials.</p><p>Pavel Matveev, the CEO and Co-Founder of Wirex,
mentioned: "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."</p><p>This new solution enables early detection of risks
related to the dark web and facilitates prompt intervention. It leverages
monitoring capabilities and alerts to assess the level of these risks and
their severity.</p><p>Fraud Prevention Strategies </p><p><a href="https://www.financemagnates.com/tag/wirex/" target="_blank" rel="follow">Wirex</a>'s integration of the dark web monitoring tools aims to protect accounts from unauthorized access and potentially fraudulent
activities. The digital payments platform explained that this approach will enhance the safety of
users' funds and overall account security.</p><p>Additionally, Wirex has collaborated with law
enforcement agencies to share intelligence in the fight against financial and
cybercrimes. The company prioritizes customer education through informative content to empower users about security and responsible financial practices.</p><p>Founded in 2014 by Pavel Matveev and Dmitry
Lazarichev, Wirex has a user base of over 6 million customers across 130
countries. The company aims to drive mass adoption toward a cashless society by
facilitating global crypto and traditional currency transactions.</p><p>Enhanced Offerings and Regulatory Milestones</p><p>In 2022, Wirex <a href="https://www.financemagnates.com/fintech/wirex-resumes-services-in-uk-after-constructive-dialogue-with-fca/" target="_blank" rel="follow">reinstated its services in the United Kingdom</a> after engaging in a constructive dialogue with the Financial
Conduct Authority (FCA). This significant development followed the introduction
of several upgrades to the firm's existing products.</p><p>The resumption of services happened after a
discussion between Wirex and the <a href="https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/" target="_blank" rel="follow">FCA</a>, highlighting the company's commitment to
regulatory <a href="https://www.financemagnates.com/terms/c/compliance/">compliance</a> and innovation. </p><p>As a result, the global payments platform announced
plans to integrate Faster Payments into its services in the UK. This move aimed to
empower users with greater flexibility and control over fund transfers within
the UK.</p><p>Some of the firm's notable updates include increased
daily top-up and spending limits for all uses in the UK, exclusive over-the-counter
exchange rates, and zero fees on foreign <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a> and transfers.
Additionally, Wirex's new users in the UK can order the company's debit card to facilitate
transactions across multiple locations.</p>

This article was written by Jared Kirui at www.financemagnates.com.