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Int'l investigation agencies helped us solve cases: CBI

NEW DELHI: The sharing of information and inputs about the various crimes happening in the world by international investigation agencies had helped Central Bureau of Investigation (CBI) to solve many cases.
During a conference on Crypto-Currencies and General Data Protection Regulation (GDPR) organised by an NGO the India chapter of The International Information System Security Certification Consortium, or (ISC)², Amit Kumar, DIG, Economic Offence Unit, CBI stated that the frequent actionable vital inputs being provided by global investigation agencies like Federal Bureau of Investigation(FBI) ,The US probe agency and other investigation agencies from China, UK, Ireland ,Germany and host of other countries are helping CBI act against cyber criminals, money launderers, Ponzi scheme runners, terror funding organisations and tax evaders.
"Spurred by massive economic growth and use of internet and increase in e-commerce sales, the cybercrime is also growing at similar pace, the crimes involving crypto-currencies like Bitcoin have also become frequent in India, this is mainly linked with a larger number of illegal businesses accepting this type of money. But this is helping CBI getting more inputs from foreign agencies as well as state government agencies and helping nab criminals faster as well as helping CBI get involved in convert operation to burst such crimes," said Kumar.
According to Sunil Bajpai Principal Advisor (IT) at TRAI, the craze for crypto-currencies especially Bitcoin is catching up in India but they also continue to be a bonanza for criminals and hackers. The latest targets are people who have touted their ownership of Bitcoin or other crypto-currencies.
The worst part of crypto-currency is because they're worth stealing and transactions can't be reversed.
Most of the speakers at the seminar were for strong Data Protection law before making Aadhaar mandatory for various linking and verifications.

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