More than 1.2 billion USD of crypto-currency were stolen since the beginning of 2017

May 28, 2018 10:54 amComments Off on More than 1.2 billion USD of crypto-currency were stolen since the beginning of 2017Views: 7

bitcoin rippleCriminals have stolen 1.2 billion USD of crypto-currency since the beginning of 2017, after the popularity of the Bitcoin and the emergence of more than 1,500 digital coins placed the unregulated sector under the spotlight. This is clear from the calculations of the Anti-Phishing Working Group (APWG). The amount includes both reported and unreported theft.

Of these 1.2 billion USD, barely about 20% and even less were recovered.

According to the expert, the investigation of such criminal activity will be pulled back because of the new European data protection law known as GDPR.

According to the experts, the GDPR will negatively affect the overall security of the Internet and will also unintentionally help cybercrime. The investigations of this kind of crime will be hampered by the limited access to information of key importance due to the law.

Applying GDPR means that much of the data on European domains in the WHOIS Internet Register will no longer be publicly available after May 25th. WHOIS data is a major source of information for investigators who work to prevent online theft. According to the experts, the European market will be filled with criminals because of the new legislation that will hamper the work of the cyber security companies.

Comments are closed