Bitcoin organized crime
Big data will be exploited by TCOs to extort people and businesses on an unprecedented scale, as well as to commit fraud using stolen personal information. The more people provide personal data to more and more organizations, the more they become exposed to criminality.
TCOs continue to infiltrate natural resources all over the world as agents wind farm projects, natural gas, solar energy, etc. They continue to prefer green energy sector and have successfully infiltrated those sectors.
Virtual currencies like Bitcoin facilitate money laundering and alleviate the need for old-fashioned and costly criminal infrastructure. The anonymous nature of virtual currencies and their rapid transferability make them ideal for money laundering, especially if used with illegal forms of online gambling.
Bitcoin has become the currency of choice for internet-facilitated crime. The proliferation of virtual currencies will allow an entire criminal economy to flourish with little possibility of law enforcement intervention. Virtual currencies will be used for human trafficking, drug sales, sex trade and the purchase of illegal goods.
With respect to terrorism, anonymous marketplaces on the Internet for goods and services that are illegal carry the risk of convergence of terrorism and organized crime.
Innovation will increasingly allow TCOs to commit crimes anonymously. Big data will be exploited by TCOs to extort people and businesses on an unprecedented scale, as well as to commit fraud using stolen personal information.
The more people provide personal data to more and more organizations, the more they become exposed to criminality. TCOs continue to infiltrate natural resources all over the world as agents wind farm projects, natural gas, solar energy, etc.
They continue to prefer green energy sector and have successfully infiltrated those sectors. Virtual currencies like Bitcoin facilitate money laundering and alleviate the need for old-fashioned and costly criminal infrastructure. The anonymous nature of virtual currencies and their rapid transferability make them ideal for money laundering, especially if used with illegal forms of online gambling.
Bitcoin has become the currency of choice for internet-facilitated crime. The proliferation of virtual currencies will allow an entire criminal economy to flourish with little possibility of law enforcement intervention. Virtual currencies will be used for human trafficking, drug sales, sex trade and the purchase of illegal goods.