THELOGICALINDIAN - Singaporebased Interpol Global Complex for Innovation IGCI is developing its own cryptocurrency The purpose of this activity is to advice cadre accretion a immediate compassionate of what cryptocurrency is and how it is actuality acclimated for cyber crimeThe IGCI houses the all-embracing polices aboriginal agenda abomination centre and cybercrime analysis and development capabilities
Also read: Kaspersky and INTERPOL Say Blockchain is Vulnerable
Dr. Madan Mohan Oberoi appear this project, amid others, at the “Interpol World” appointment at he Sands Expo and Convention center. Oberoi informed attendees that IGCI employs approximately 30 people, including admiral from the Singapore Police Force, who are alive to advance centralized argumentative accoutrement aural the IGCI.
Dr. Oberoi is not new to cyber crime, ahead alive as the inspector-general of badge with India’s Central Bureau of Investigation (CBI). He headed the cyber abomination cell, abstruse and argumentative zone, and all-embracing badge co-operation assemblage at the CBI. Dr. Oberoi comes from the 1992 accumulation of the Indian Badge Service (IPS), and holds Ph.D. in cyber abomination from the Indian Institute of Technology (IIT), Delhi.
According to Dr. Oberoi, the IGCI’s cryptocurrency will be acclimated in a specially-designed training simulation that creates scenarios of cryptocurrency misuse. Dr. Oberoi’s aesthetics is that the best way to apprentice is by doing; teaching law administration personnel about cryptocurrencies with lectures and PowerPoints will not be as benign as easily on acquaintance with a agenda currency.
IGCI Report Says Virtual Currencies are Vulnerable
In an earlier report, Interpol cyber blackmail advisers begin that the blockchain is accessible to accepting malware and actionable abstracts anchored in transactions. In some cryptocurrencies, there is an open amplitude on the blockchain where abstracts can be stored, referenced, or hosted aural encrypted transactions. This address was released at the Black Hat Asia 2015 accident in Singapore. The report’s allegation accept been supported by Kaspersky Labs.
IGCI Executive Director Noboru Nakatani said,
The adeptness to inject malware and added abstracts into the blockchain makes it accessible for the technology to be acclimated as a safe-haven for hosting actionable content, such as adolescent pornography. The vulnerability can additionally be used for the deployment of modular malware, a about-face of the administration of zero-day attacks.
Will the IGCI’s cryptocurrency be advantageous in training law administration claimed for agenda bill abomination prevention? Let us apperceive in the comments below!
Image source: Interpol.int
