January 04, 2021

Why do criminals use these coins?

The great motivation for the use of virtual currencies in cybercrime is privacy. The encryption involved in transactions omits data from payers and receivers, something that inhibits and makes it very difficult for the authorities to track illegal activities involving cryptocurrencies. 

It can be said that, in the face of other types of monetary transactions, those involving virtual currencies are practically invisible, after all, cryptography does not allow the tracing of the money path.

The cryptocurrency transaction system is an easy and anonymous conduit for handling large amounts (it is worth remembering that a Bitcoin is quoted at more than 30 thousand reais) without the need for bank verification.

In addition to this detail, there is an entire virtual ecosystem that adopts virtual currencies for illicit purposes and, in a way, cooperate so that gangs are able to "clean up" dirty money and then exchange virtual currency for conventional money. Factors like this help to tarnish the image of cryptocurrencies. All this ease of manipulation and conversion does not pass

unnoticed by cyber criminals, who start using cryptocurrencies in their modus operandi, so much so that many gangs that apply scams using Ransomwares or Phishing tactics ask for the rescue of the information obtained in the form of virtual currencies, something much safer for them than any redemption request with physical currencies.

Faced with this new reality of financial transactions in an anonymous and protected way, a range of options opens up for cybercrime, which takes advantage of a legal activity to mask illicit gains and hinder investigations by the authorities.

More about the juniper jobs.

It is important to emphasize that, in order to avoid any type of disturbance, avoiding virtual gangs, it is essential to establish consistent security processes and policies, which are supported by good protection tools to make attacks more difficult.

Posted by: Jack prabha at 08:10 AM | No Comments | Add Comment
Post contains 311 words, total size 2 kb.




What colour is a green orange?




13kb generated in CPU 0.0059, elapsed 0.0389 seconds.
35 queries taking 0.0341 seconds, 64 records returned.
Powered by Minx 1.1.6c-pink.