CryptoPolice is a platform that helps bring together the community in order to fight Internet fraud. Any online user can submit an application to CryptoPolice, pointing to any suspicious fact
Cybercrime is a fast-growing market that offers huge profits and minimal risks. According to the report published by the Center for Strategic and International Studies (CSIS), the annual damage inflicted by cybercrime to the economy is within the range of 375–575 billion USD, exceeding the GDP of many countries around the world.The advent of new tech has enabled ever more sophisticated ways to commit cybercrime. “Cybercrime is a tax on innovation and slows the pace of global innovation by reducing the rate of return to innovators and investors,” Jim Lewis of CSIS said in a statement.
Among the different types of cybercrimes, the Internet scam holds a special place. While most cybercrime types employ technical methods (hacking computers, intercepting data, etc.), scamming is done through psychological and intellectual methods, namely, via the abuse of trust, when people themselves choose to transfer funds to perpetrators. Various methods for technical protection against a range of cyber threats already exist and continue to develop (for instance, anti-virus software); however, there’s only one effective protection method that works against the Internet scam – always being on the lookout.
Today, every user must take extreme caution online to avoid getting in the traps set up by fraudsters in order to steal money. Phishing, spoofing, investment fraud, financial pyramids, fake online stores – it takes only one mistake or hasty action to incur irrevocable financial losses. In the cryptocurrency markets, it’s got out of hand. There are still no state regulators to help things, and the show is being run by scammy ICOs, phishing sites and fraudulent exchanges.
Internet fraud is constantly adapting, acting as a virus that attacks the community and stealthily infects everything around it.
As a result, everybody loses: online users lose money, top-notch projects miss investment and the industry overall loses reputation. The most important thing being destroyed is the trust that people extend to each other. That’s exactly why we decided to set up the CryptoPolice platform, which will act as an anti-virus and protect the community against scam. This system will provide a feeling of safety to everybody in these markets. And it’s urgently needed right here and now.
- Jamil Hasan – Strategy Advisor
- Juan Otero – Advisor in Innovation & Technology
- Dean Karakitsos – Technology Advisor
- Eduards Baginskis – Advisor in Banking & Finance