News

GDPR regulations will mean that European domain data will no longer be added to the WHOIS Internet database, investigators will lose access to data needed for prosecution of cybercriminals:

CoinTelegraph
“So what we’re going to see is that not only the European market goes dark for all of us; so all the bad guys will flow to Europe because you can actually access the world from Europe and there’s no way you can get the data anymore.”

“GDPR will negatively impact the overall security of the internet and will also inadvertently aid cybercriminals. By restricting access to critical information, the new law will significantly hinder investigations into cybercrime, cryptocurrency theft, phishing, ransomware, malware, fraud and crypto-jacking.”

CNet

“Put the Bitcoin in the bag and nobody gets hurt.”

The report also says that only 20 percent or less of this stolen cryptocurrency has been recovered and that law enforcement is having a hard time finding these criminals.

“GDPR will negatively impact the overall security of the internet and will also inadvertently aid cybercriminals. By restricting access to critical information, the new law will significantly hinder investigations into cybercrime, cryptocurrency theft, phishing, ransomware, malware, fraud and crypto-jacking.”

About $1.2 billion in cryptocurrency stolen since 2017: cybercrime group

Since the beginning of 2017, as bitcoin’s popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to APWG estimates