Europol Cybercrime Report Condems Bitcoin and End-to-end Encryption

Cybercrime is a threat of all ages, even though things seem to be getting progressively worse over time. Europol has issued a new warning against the mounting number of online crimes. At the same time, they are also concerned about the mounting number of opportunities for criminal gain. Bitcoin is, of course, mentioned as well.

The number of threats posed by internet criminals has never been higher than today. Unfortunately, that situation will not change anytime soon, as new opportunities for criminal gain keep popping up. Europol’s Cybercrime Centre has run a total of 131 cyber operations last year, which is an 81% increase compared to 2014.

Bitcoin Plays A Big Role In Cybercrime

It is evident for everyone to see something will have to change. Collaboration against cybercrime is the only way forward, and cyber investigations will need to be prioritized. Mainly encrypted and anonymous services remain a  key hurdle that needs to be overcome, according to Europol.

Hardly anyone will be surprised to find out Bitcoin is a big culprit in this report as well. Europol feels cybercriminals are expanding their use of virtual currencies, both in the ransom and extortion schemes. Given the surge in Read more ... source: NewsBTC USA