Cryptocurrency, 1,2 billions of dollars stolen from the beginning of the 2017

Cryptocurrency, 1,2 billions of dollars stolen from the beginning of the 2017. According to a recent dossier, thefts serve for criminal activities and money laundering.

According to a recent report by Anti-Phishing Working Group, hackers would have stolen around 1,2 billion dollars in cryptocurrencies since the beginning of the 2017 to date, thanks to the fact that the popularity of bitcoin and the emergence of more than 1.500 digital tokens have brought this not yet regulated sector under increasing appeal, thus favoring the interest (unfortunately) of criminal initiatives.

The estimates - which include both reported thefts and forecasts of the value of those not declared - are closely linked to the assessment that the cryptocurrency can be used for "criminal activities such as drug trafficking and money laundering", With the consequence that" theft of these tokens by criminals "ends up reinvigorating these activities - Dave Jevans, managing director of CipherTrace security cryptocurrency company, as well as president of APWG, told Reuters.

Of the 1,2 billions of dollars stolen, Jevans estimates that only about 20 percent or less has been recovered, with law enforcement rather than difficulty in tracking down these criminals. Jevans then spoke on the GDPR, stating that law enforcement investigations into criminal activities are likely to take a step backward by virtue of the EU's new general data protection regulation, which took effect last Friday.

"The GDPR will have a negative impact on global Internet security and will inadvertently help cyber criminals"Said Jevans. "By restricting access to critical information, the new law will significantly hinder investigations into cybercrime, cryptocurrency theft, phishing, ransomware, malware, fraud and more," he added.

The GDPR, approved in the 2016, actually aims to simplify and consolidate the rules that companies must follow to protect users' personal data, and return control of personal information to EU citizens and residents. The implementation of GDPR also means that most European domain data in WHOIS, the Internet record database, will no longer be public. WHOIS data is a key resource for investigators and law enforcement officials working to prevent theft, Jevans said.