Europol Report Says Bitcoin is Common Currency for Cybercriminals
In its latest report called the Internet Organised Crime Threat Assessment for 2015, Europol outlined the state of cybercrime threats in the European Union. The report mentions bitcoin and virtual currencies, claiming that it accounts for roughly 40% of criminal-to-criminal transactions online. This follows the agency's statement indicating that cryptocurrencies promote the crime-as-a-service business model, wherein bitcoin was highlighted for its role in facilitating money laundering. The cryptocurrency is known for its anonymous transactions, which Europol says makes it "heavily abused....
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Europol has said in a new report that it believes bitcoin could become the go-to currency for digital criminals in the region. The European Union's top law enforcement agency released its Internet Organised Crime Threat Assessment for 2015 on 30th September, outlining its view of the top cybercrime threats facing the European Union. The report focuses on the topic of bitcoin and digital currencies in a number of contexts, including the state of criminal financing and specific elements of illicit activity involving the technology. Europol said that, according to its data, bitcoin accounts....
Europol and Interpol have agreed to work together on issues related to the criminal use of digital currencies. The partnership became official during this year's Interpol - Europol Cybercrime Conference, an annual gathering of international law enforcement officials, held in The Hague. The event, Europol said, drew more than 350 attendees. According to a statement from Europol, the partnership will see coordination "against the abuse of virtual currencies for criminal transactions and money laundering". The statement said: "[The partnership] will include actions around policy, stimulating....
A Europol report that establishes a review of EU member states and the Europol in the aftermath of the terrorist attacks that struck Paris in November 2015 has found no confirmed evidence that suggest Bitcoin is used for terrorism financing. A report by Europol – the European Union’s law enforcement agency, has aggregated and established a rounded review of the changes in Islamic State’s operations, studied by EU member states and Europol itself soon after the Paris attacks late last year. The report also stated that the financing of terrorist operations did not undergo any marked changes....
Monero, Samurai, Wasabi, OpenBazaar cited as threats in Europol report.
Cybercriminals are making a killing on the dark net, earning anywhere between $1000 to $200,000 a month. Ever wondered why the number of hacking incidents or ransomware attacks has increased over the years? The answer to that question is good pay. For those who didn’t know, cybercriminals manage to make a decent amount of money each month at others’ expense. A recent report states that the monthly payouts for their crimes are on an average of $1000 to $3000. The report, published by Recorded Future is the result of a thorough study conducted by the organization on the dark web. The....