Igor Krasnov, Russia’s new Attorney General, says that cybercrime in Russia has increased 25 times over the past five years. Krasnov made this statement during a recent meeting dedicated to fighting cybercrime in Russia, according to an official statement on July 17.
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Only 25% of cybercrime in Russia is prosecuted
At the event, Krasnov noted that 225,000 cases have already been registered in the first half of 2020, a 92% increase compared to the same period of time in 2019. The total number of Russian cases for the whole of last year was only 294,000, Krasnov said.
He cited that various crimes, such as drug trafficking, corruption and financing of terrorism, are often facilitated through crypto-currency and data encryption tools, which maximize anonymity. The conviction rate for such crimes amounts to only 25 percent to date, Krasnov added.
The Attorney General suggested creating an automated system to track cybercrime, as well as „radically changing existing approaches to police operations and preliminary investigations“ of these cases.
While Russia’s Prosecutor General has expressed the need to develop more tools to combat cybercrime related to crypto-money, the status of crypto-money is still not very clear in the country.
Despite multiple warnings to ban or criminalize crypto currencies such as Immediate Bitcoin, the legal status of crypto currencies in Russia is still uncertain to date. In June 2020, a Russian court denied a motion to provide restitution to a victim, arguing that crypto currencies such as Bitcoin lack legal status.