The exchanges like Binance do their part to ensure the security of their platform, but users also need to take cyber hygiene seriously and be responsible.
FREMONT, CA: "We are here to increase the technical capacity of our law enforcement and to help the judicial system appreciate cryptocurrency and how it is used as digital evidence in the judicial system. We are doing this because we need the public reassured that our law enforcement system is catching up to high tech criminals. We welcome cryptocurrency transactions so that the public may be able to use it for their economic activities'' says Mary Rose Magsaysay, Deputy Executive Director, CICC.
Binance, one of the world's largest blockchain ecosystems, has partnered with the Cybercrime Investigation and Coordination Center (CICC). The Department of Information and Communications Technology (DICT) shares its insights and experiences in preventing cybercrime using blockchain forensics with law enforcement agencies.
Jarek Jacubcek, the company's Asia Pacific Head of Intelligence and Investigations, developed and conducted the lecture. During the two-day seminar, Jacubcek discussed the technical aspects of interactions with and between exchanges, cryptocurrency tracing, common cybercrime activities, investigative techniques, the prosecution of financial crimes, and the development of forensics reports using open-source intelligence tools.
''Cryptocurrency give users power. All of a sudden, people have ownership of the funds. They can send funds from one person to another. But with the power comes responsibility. So, people should be very careful about their sensitive data and their cryptocurrencies when they're making these transactions. With more education, consumers will appreciate the importance of personal data hygiene and better cybersecurity practices," says Jacubcek.
