Anti-Phishing Working Group (APWG), an international set of companies to counter phishing attacks, reported that there had been a $ 1.2 billion theft of cryptocurrency over the past year.
The rising popularity of Bitcoin and accompanying the release of more than 1,500 other digital currencies has triggered high crime in sectors that do not yet have such regulation.
Dave Jevans, Chairman of the APWG, said that of the total nominal is only 20% or it could be lower that successfully handled by law enforcement around the world. According to him, the results could be worse as a result of the European Union (EU) decision to start running General Data Protection Regulation (GDPR).
"GDPR will adversely affect Internet security as a whole and at the same time assist cybercriminals By tightening access to information, the new law will prevent investigations of cybercrime, theft of cryptocurrency, phishing, ransomware, malware, fraud, and crypto jacking, "he said.
GDPR itself is a rule to simplify and consolidate regulations that companies must follow to keep their data protected as well as to exercise control over personal information belonging to people in the EU region. Implementation of GDPR means that the majority of European data domains will not be published publicly after May 25th.
According to Jevans, the data is a key source of information for investigators and law enforcement agencies to anticipate theft, especially in the online world. Data such as names, addresses, and emails are themselves stored in a database called WHOIS.
"So, we'll see all the bad guys go to Europe because they can access the whole world from there and there's no way to get information about them," Jevans said.
Bitcoin was also dragged into a case under investigation by the US Department of Justice. Investigations are being conducted by the government agency on the alleged players in the world of digital currencies to manipulate the value of Bitcoin and other cryptocurrencies.