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Russian cybercrime has increased 25-fold in 5 years, says the local attorney general

According to Igor Krasnov, the new Russian attorney general, cyber crime in Russia has increased 25-fold in the past five years. Krasnov made this statement at a recent meeting to combat cybercrime in Russia. This emerges from an official statement of July 17.

Only 25% of cybercrime in Russia is prosecuted

In that case, Krasnov found that 225,000 cases were already registered in the first half of 2020, an increase of 92% over the same period in 2019. The total number of Russian cases for the entire last year it was only 294,000, Krasnov said.

He quoted that various crimes, Like drug trafficking, corruption, and terrorist financing, they are often facilitated by cryptocurrencies and data encryption tools that maximize anonymity. The conviction rate for such crimes are only 25% so far, Krasnov added.

Russian cybercrime has increased 25-fold in 5 years, says the local attorney general
Russian cybercrime has increased 25-fold in 5 years, says the local attorney general

The attorney general suggested that something be done an automated cyber crime tracking system, as well as “Radically change existing approaches to police operations and preliminary investigations” of these cases.

During the Russian attorney general has expressed the need to develop more tools to fight cybercrime-related crimes, the status of which is not yet clear in the country.

Despite multiple warnings about the ban or criminalization of cryptocurrencies like Bitcoin, the legal status of cryptocurrencies in Russia is still uncertain to this day. In June 2020, a Russian court rejected an application for victim restitution, arguing that cryptocurrencies like Bitcoin had no legal status.

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