POLICE Magazine

SEP 2018

Magazine for police and law enforcement

Issue link: https://policemag.epubxp.com/i/1022864

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Page 103 of 136

Steck Unlock Cars Fast! Unlock Cars Fast! Unlock Cars Fast! No Damage to Vehicles! No Training Needed! Public Safety Kit #32911 – New Price: $59.95 PoliceMag.com 101 101 POLICE SEPTEMBER 2018 all levelsl. e question has been raised, is law enforcement prepared? And the an- swer is clearly: No. Every law enforcement officer must stay well informed these days about the rapid and dramatic changes that are pro- jected to accompany the multiple emerg- ing technologies that will become main- stream in the next few years. It is now essential that organizations more rapidly respond to developments like cryptocur- rencies. e criminal use of cryptocur- rencies is in its early stages and growing. Its future expansion is a sure thing. at expansion brings with it the risk of crypto- currencies being used in more and more criminal and terrorist activities. Many believe law enforcement must rapidly come up to speed on this subject matter. Clearly, that is the major reason why Law Enforcement Learning (https:// lawenforcementlearning.com) recently announced a virtual course on the sub- ject (that I teach). "As cryptocurrencies become the value transfer mechanism of choice for an increasing number of crimi- nals and criminal groups, law enforce- ment officers must understand cryptocur- rency basics and recognize when these virtual currencies are used in furtherance of fraud, theft, extortion, drug and weap- ons sales, and other criminal acts," says Timothy Bonadies of Law Enforcement Learning. "Our course provides officers with an essential foundation that will en- able them to recognize how criminals are currently using cryptocurrencies, how these uses can be investigated, and what laws govern this rapidly evolving area." While meaningful metrics that reason- ably measure the criminal use of crypto- currencies currently don't exist, looking at the projected growth rate of the block- chain and cryptocurrencies, we know it is significant and will grow. ere have been two substantial criminal cases involving Dark Web marketplaces, one involving $4 billion in cryptocurrencies and the other $1 billion in cryptocurrencies. ese clearly are indicative of a trend. But don't think that just because the owner of a Dark Web marketplace that delivers illegal items in return for cryp- tocurrency is being prosecuted that the problem is solved. As fast as one crimi- nal cryptocurrency marketplace is shut down, one or two more open up on the Dark Web and that perpetuates the value of this digital money. Michael Coleman is a 30-year technology industry veteran with a wide range of busi- ness and government experience. His pas- sion is working with new technologies to create solutions to the issues facing profes- sional users.

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