{"id":25493,"date":"2022-04-29T10:02:45","date_gmt":"2022-04-29T14:02:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=25493"},"modified":"2022-04-30T06:52:45","modified_gmt":"2022-04-30T10:52:45","slug":"u-k-cybercrime-officers-crypto-firms-for-double","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/u-k-cybercrime-officers-crypto-firms-for-double\/","title":{"rendered":"U.K. Cybercrime Officers Join Crypto Firms For Double-Triple Pay-Bloomberg"},"content":{"rendered":"\n
Cybercrime<\/a> officers in the U.K. are leaving the police force to work for cryptocurrency companies primarily exchanges where they can earn double or even triple their salary<\/h5>\n\n\n\n
\"U.K.
U.K. Cybercrime Officers Join Crypto Firms For Double-Triple Pay: Bloomberg<\/figcaption><\/figure>\n\n\n\n

According to Bloomberg\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, skilled cybercrime officers in the United Kingdom are leaving the police force to work for cryptocurrency companies, primarily exchanges, where they can earn double or even triple their salary.<\/p>\n\n\n\n

\n

Crypto firms are poaching U.K. cybercrime cops with offers of double or triple pay https:\/\/t.co\/7guHEh8md0<\/use><\/svg><\/span><\/a><\/p>— Bloomberg Crypto (@crypto) April 29, 2022<\/use><\/svg><\/span><\/a><\/blockquote><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

U.K. Cybercrime Officers Leave Faster Than Regular Police Force<\/h2>\n\n\n\n

Experienced cybercrime officers are leaving much faster than members of the regular police force, according to the National Police Chiefs' Council (NPCC), a body that represents all law enforcement departments in the country, and they are heading to cryptocurrency companies that are headhunting cybercrime <\/a>experts.<\/p>\n\n\n\n

The rate at which the police are losing them is three to four times higher than normal officer turnover.<\/p>\n\n\n\n

According to the NPCC, a little more than a dozen experts from the police (or with a background in law enforcement) are currently working for crypto companies. This figure is expected to rise significantly over the next 12-18 months.<\/p>\n\n\n\n

According to Andrew Gould, the chief of the NPCC's cybercrime unit, this is causing a major problem because cybersecurity skills are in high demand right now. In comparison to law enforcement, the private sector can pay them three times as much.<\/p>\n\n\n\n

Coinbase, Binance Lure U.K. Cybercrime Officers<\/h2>\n\n\n\n

Since 2018, government funding has been used to train around 250 cybersecurity experts in how to investigate crimes involving cryptocurrencies, such as hacks<\/a>. <\/p>\n\n\n\n

Large crypto exchanges are now luring them in with astronomically high salaries. Coinbase<\/a>, Binance<\/a>, and blockchain sleuth Chainalysis are among them.<\/p>\n\n\n\n

Exchanges have been facing increasing hacker threats since 2017-2018, and they are working to adapt to a new type of crypto regulation that is expected to arrive soon. As a result, they require highly qualified digital security experts.<\/p>\n\n\n\n

Binance appointed a former official from the UK's FCA regulator (Financial Conduct Authority) as Director of Regulatory Policy last week.<\/p>\n\n\n\n

While the NPCC's cybercrime chief, Gould, does not prevent digital security experts from leaving for higher salaries, he claims that they cannot afford to lose them after years of training.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cybercrime officers in the U.K. are leaving the police force to work for cryptocurrency companies primarily exchanges where they can earn double or even triple their salary According to Bloomberg , skilled cybercrime officers in the United Kingdom are leaving the police force to work for cryptocurrency companies, primarily exchanges, where they can earn double […]<\/p>\n","protected":false},"author":29,"featured_media":25522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5521,5501,7789],"class_list":["post-25493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-2","tag-coinbase-2","tag-cybercrime"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/U.K.-Cybercrime-Officers-Join-Crypto-Firms-For-Double-Triple-Pay-Bloomberg.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=25493"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/25522"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=25493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=25493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=25493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}