Since The Beginning of Last Year, Criminals Have Stolen 1.2 Billion in Cryptocurrencies

Criminals have stolen from the beginning of last year a total value of about 1.2 billion dollars, estimated working group to combat data theft on the Internet named APWG.

Estimates published on Thursday are part of the research and non-profit group on cryptocurrencies, covering both reported and non-reported theft.

“Criminals use cryptocurrencies in criminal activities such as drug trafficking and money laundering and now we notice that they have started to steal themselves from the cryptocurrencies,” he told Reuters in interview for the security firm of cryptocurrencies Ciphertrace. Dave Jevans, also president of APWG.

According to his estimate the amount of 1.2 billion dollars was returned only about 20 percent or less. He notes that police officers around the world have their hands full chasing thieves.

It also warns that the new European Data Protection Act (GDPR), which has entered into force today, will likely broke their investigations.

“GDPR will adversely affect the general internet security ”

“GDPR will adversely affect general security on the Internet and will also inadvertently help cybernetic criminals,” said Jevans.

“By limiting access to key information, the new law will significantly impede investigations into cybercrime, theft of cryptos, phishing, blackmail and malicious software, fraud and appropriation of the process power of computers which ‘ The miners ‘ pulling cryptocurrencies, “he added.

The aim of the new European law is to simplify and consolidate the regulations that companies must respect in order to protect their data and allow citizens to regain control of their personal data.

Its entry into force means that as of today the majority of data on European domains on the WHOIS, database of registered domains will not be publicly available. WHOIS contains the names, addresses, and e-mail addresses of those who register domain names for the purposes of the website.

The data on the WHOIS is a key resource for investigators and police officers who are trying to prevent the theft, the Jevans interpreters.

“Therefore we will all lose access to data on the European market. All criminals will be rushed to Europe because you have access to the whole world from Europe and the data can no longer be reached “, he warns.