Cybercriminals arrested in the Philippines would allegedly convince their victims that their bank accounts were being used for money-laundering and that their assets could be protected if they transferred all their money to accounts owned by the fraudsters.
Because transactions using virtual currencies happen anonymously, they confuse issues of jurisdiction and can become difficult to enforce. When authorities do take action, cybercrime simply re-images itself with a new currency and a new platform.
As the “Snowden leaks” continue in their revelations and unraveling of the twisted web of government surveillance, it is becoming clear that the foundation of trust in the Internet as a shared commons has been thoroughly undermined.
The power of metadata does not come in that data itself but in the ability of that data to be processed and correlated in an automated fashion. What many believe is meaningless data can reveal more than one would think.
Over the past year the buzz around tracking threat actors has been growing and in my opinion hitting the height of the hype cycle. Relying on behavior profiles alone is a great way to get an unwelcomed outcome.
When it comes to cybercrime, the police really can’t and aren’t going to protect residents of your town. The same goes for all towns and cities. Unless you’re talking a high six-figure theft, it's unlikely an officer will be assigned to your case.