The Relationship Between Crypto Currencies and Financial Crime - Fraud

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Presented at Sinet 2016 by

Abstract: The predominant cryptocurrency utilized today is Bitcoin. Bitcoin has not only been adopted by several companies as a legitimate payment mechanism but has long been utilized by individuals who operate in the cyber underground. Adversaries that target your platform or customers for financial gain often collaborate with individuals who speak different languages. Cryptocurrencies provide a universal payment mechanism that anyone can use regardless of the language that he or she speaks. Cryptocurrency transactions can be difficult to trace back to an originating source and often hinder investigations. Exchange services, which allow individuals to move money to and from cryptocurrencies, complicate matters further. This panel will discuss popular cryptocurrencies as well as exchange services that are often utilized by adversaries when they attempt to send and receive criminal or stolen funds. Furthermore, the panel will discuss techniques that can be utilized by investigators to overcome certain challenges inherent to cryptocurrency investigations