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Calgary planning to be law enforcement training hub on cryptocurrency crimes
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Crime


CALGARY PLANNING TO BE LAW ENFORCEMENT TRAINING HUB ON CRYPTOCURRENCY CRIMES

By Bill Graveland The Canadian Press
Posted April 12, 2023 2:50 pm
Updated April 12, 2023 6:02 pm
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A police vehicle at Calgary Police Service headquarters is shown on April 9,
2020. Police in Calgary are turning to a global blockchain data platform to help
combat crypto-crime. THE CANADIAN PRESS/Jeff McIntosh
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Police in Alberta’s largest city are turning to a global blockchain data
platform to help combat cryptocurrency crimes.



Calgary police announced Wednesday they have entered into a partnership with
Chainalysis, a U.S.-based company that provides data, software and research
services to government agencies, financial institutions, cybersecurity companies
and now law enforcement organizations.

The result is the creation of the Western Canada Cryptocurrency Investigations
Centre, which is to serve as a hub for police and the private sector to learn
about emerging cryptocurrency and cybercrime trends.

Calgary police are also creating a new unit dedicated to cryptocurrency and
blockchain-related investigations.

Read more: Calgary police testing out high tech ‘ghost decaled’ vehicles

Police Chief Mark Neufeld said fighting cyber crime requires collaboration
between law enforcement and other expert industries.

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He said officers want to be able to support someone who loses cryptocurrency the
same way they would help a senior who was robbed after taking money out of a
bank machine.

“We would move heaven and earth to solve that crime for that senior, but if that
same person clicks on the wrong link on an email and has thousands of dollars
stolen from them, we need to be able to move heaven and earth in the very same
way and release those digital hounds in the digital world to get that money
back,” Neufeld said.

Cybercrimes, particularly cryptocurrency scams, can be difficult for police to
fully investigate due to several factors, such as various international
locations and jurisdictions, sophisticated criminal techniques and quickly
advancing technology, the force said.

5:37 Cybersecurity Concerns while Scrolling?

Calgary police received reports of $13.9 million in losses to
cryptocurrency-related crimes last year and an additional $3.2 million so far
this year. Neufeld said that tends to be less than one would expect in a city of
1.4 million people.

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“That’s because a lot of people think, and a lot of individuals and businesses
feel, ‘well, there’s not a lot that can be done.'”

Neufeld said there is also a large immigrant population in Calgary that sends
money abroad, which makes them “potentially open to being defrauded.”

Gurvais Grigg, a retired FBI agent who is the public sector chief technology
officer for Chainalysis, said Canada moved from 26th to 22nd worldwide last year
on adopting cryptocurrencies.

He said Canada has experienced a 213 per cent increase in cryptocurrency usage
since 2019, and the potential for scams is growing.

“We see an explosive increase in the illicit use of crypto involving scams and
other ways that are devastating average Canadians,” said Grigg.

“There are thousands of these scams out there that are draining people’s
retirements and savings. We saw that over $41.7 million was garnered through
activity here.”

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   killed 5

CrimeCalgary crimeCalgary Police ServicecryptocurrencyCybercrimePolice
TrainingChainalysiscryptocurrency crime Click to see more tags+4
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© 2023 The Canadian Press


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