An Indian Government is Using Blockchain Tech to Fight Cyber Crime
The government of Andhra Pradesh (AP), a state in South India, will be tapping blockchain technology to curb cybercrimes, a top cop confirmed this week. In the face of an increasing number of cybercriminal activity, the Director General of Police in AP has revealed that the government is the first in Asia to use blockchain technology to check and fight cybercrimes. While details of the blockchain implementation are scarce, a workshop solely focused on educating the police force on blockchain technology has been confirmed. Organized by the burgeoning Fintech initiative in the city of....
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Two tech firms are joining forces to improve cryptocurrency security and curb cyber crime. Skry and Terbium Labs announced their partnership to monitor public key transactions over the dark web. Skry & Terbium Labs Partner To Analyze Permissionless Blockchain Activity. Back in April, blockchain analytics firm Coinalytics rebranded to Skry, Inc. The....
Indian police have seized $1.2 million in bitcoin from a hacker who allegedly hacked a government website, online game portals, and cryptocurrency exchanges. He was previously arrested for stealing $1.5 million from an Indian state government. Indian Police Seize Bitcoins From Hacker The Bengaluru Central Crime Branch (CCB) Police have revealed that bitcoins worth Rs 9 crore ($1.23 million) have been seized from a 25-year-old hacker, local media reported Friday. The hacker known as Shri Krishna is a software engineer and resident of Jayanagar in south Bengaluru. He was arrested on Nov. 18....
Amid the government’s war against cash, local authorities have begun to regulate and restrict gold, a store of value that has been the foundation of the Indian culture and society. Gold holders are being taxed and threatened, as the Indian government continues to fight “black money.” However, one major issue persists in the government’s impractical strategy to eliminate illicit transfer of funds. That is, regardless of the intentions of the Indian government and Prime Minister Narendra Modi, it is the general population or 99% of citizens and residents that are being negatively affected by....
Abuse expands with use in the case of cryptocurrency, Europol has acknowledged while also noting that blockchain technologies offer authorities a new opportunity to fight crime. Europe’s law enforcement agency also says they can help investigate money laundering networks.
Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says
The growing use of cryptocurrency across borders and industries comes with increasing abuse, new forms of crime, and money laundering, the European Union Agency for Law Enforcement Cooperation (Europol) has concluded after....
Singapore-based Interpol Global Complex for Innovation (IGCI) is developing its own cryptocurrency. The purpose of this project is to help personnel gain a first-hand understanding of what cryptocurrency is and how it is being used for cyber crime. The IGCI houses the international police’s first digital crime centre and cybercrime research and development capabilities. Dr. Madan Mohan Oberoi announced this project, among others, at the “Interpol World” conference at he Sands Expo and Convention center. Oberoi informed attendees that IGCI employs approximately 30 people, including officers....