Cryptocurrency-forensics

This post will serve as a brief overview for forensic investigators on the importance of cryptocurrency traces and investigating cryptocurrency traces found on suspect devices. Cryptocurrency has grown tremendously over the last decade and has served as a new avenue for criminals to conduct transactions that are not regulated. 

Even though Digital Forensics has expanded its capabilities and use-cases since its inception, it is constantly evolving and you need to be prepared for the changes coming. New features on computers and smartphones are causing existing digital forensics features to be outdated and unreliable when investigating. New crimes are being committed and the tools in existence are not capable of collecting and processing that sort of evidence yet. But not to worry, there are many companies out there researching tools to handle investigations in critical areas of development. Here are 5 key areas you want to make sure your team has the most up-to-date technology and the most experienced training.

Many are not aware of the common threats/investigations that officers, analysts, and investigators face on-scene or in the lab and how computer forensics software can help solve these investigations.

The Global Forensic and Justice Center hosted a panel on The Value of Digital Evidence in Combatting Child Exploitation and Human Trafficking. The panelists included:

• Alexandria Wong, Digital Media (DOMEX) Trainer with the Global Forensic and Justice Center and FIU
• Sondra Skelaney, Gender Violence Prevention Program Coordinator with CASE and FIU
• Ailsa Slack, Director of Customer Success of ADF Solutions.

The panel focused on the role of technology, forensics, and digital evidence and revolved around four central questions which are highlighted below along with the key points discussed by the panel of subject matter experts.

Cryptocurrency has expanded in use since it was created in 2009. The idea of creating a decentralized currency to avoid the regulation of banks and governments created a new avenue not only for criminals but also for terrorist organizations. Terrorists such as jihadists around the world have been trading crypto coins to purchase weapons and drugs to continue their attacks on innocent civilians.

When starting an investigation we start thinking about what we need or who we need to contact when it comes to specific crime types. As investigators we do this second nature, it is a process that just happens, and if we have never investigated a certain crime it can be overwhelming at times. Specific crimes often need specialized training and have agencies that may need to be contacted for assistance. When it comes to the digital evidence we also start thinking of the steps that need to be taken and how we are going to put things together. Let’s not let this be overwhelming as well.

Meet Aaron Kahler, Founder and Chief Executive at Anti-Human Trafficking Intelligence Initiative (ATII). 

As the world’s financial systems advance in digital technology and cryptocurrency, the need for digital forensics grows greater. The use of blockchain technology has allowed crimes to go undetected through the eyes of a regular investigator. These crimes no longer take months of in-depth planning and deception before executing but can now be committed within minutes because of the processing power of computers and the speed of the internet. Crimes such as:

Jim, we want to thank you for the time you’ve taken to chat with us about your work and about your expertise in the areas of white collar and cyber crime. It’s an area ADF is proud to support investigators in. Your work with NW3C covers areas of white collar cyber crime such as fraud, bribery, money laundering, and more. We’ve been proud to partner with NW3C before in our joint webinar and most recently in your Capture the Flag competition!

Gina: How did your background, and 25 years of service in the United States Marine Corps Military police, prepare you for what you’re doing now?