Money laundering valued at up to $200 billion through cryptocurrencies
A joint report between Surrey University and researchers at security vendor Bromium estimates that the proceeds of cyber crime make up to 8-10% of total illegal profits laundered globally, believed to be valued at up to $200 billion.
The report surmises that virtual currencies such as Bitcoin are becoming the primary tool used by criminals to launder proceeds. While Bitcoin has long been viewed as the criminal’s…
Link: Weekly Threat Report 23rd March 2018
Source: NCSC Reports
