{"id":67399,"date":"2023-12-21T10:13:02","date_gmt":"2023-12-21T14:13:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=67399"},"modified":"2023-12-21T10:13:04","modified_gmt":"2023-12-21T14:13:04","slug":"survey-shows-crypto-training-demand-surges-among-law-enforcement","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/survey-shows-crypto-training-demand-surges-among-law-enforcement\/","title":{"rendered":"Survey Shows Crypto Training Demand Surges Among Law Enforcement"},"content":{"rendered":"\n

TRM Labs surveyed more than 300 U.S. and international law enforcement professionals. While 90% of respondents believe their organizations provide crypto training<\/a>, 99% advocate for an increase in this percentage.<\/p>\n\n\n\n

\"Survey
Survey Shows Crypto Training Demand Surges Among Law Enforcement <\/figcaption><\/figure>\n\n\n\n

According to the survey, 93% of respondents were from law enforcement agencies in the United States, with the majority having their place at the federal level and the remainder at the state, county, or local level. <\/p>\n\n\n\n

The proportion of crypto-related investigations in their work will increase from 40% to 51% by 2027. Most law enforcement personnel must prepare for this future despite anticipating increased crypto studies.<\/p>\n\n\n\n

An external polling firm administered the survey from October 18 to November 3, 2023. The participants in the study had a minimum of one year of experience in their present law enforcement agency. They had personally investigated or supervised at least one cryptocurrency-related criminal activity<\/a> within the previous year.<\/p>\n\n\n\n

The survey findings indicate that while over 50% of federal agencies currently employ blockchain analytics tools, only 11% of state agencies do the same. Around 61% of respondents indicated that they do not possess sufficient advanced technology to counter crypto criminal threats effectively.<\/p>\n\n\n\n

According to data from TRM Labs, malicious actors stole approximately $1.7 billion worth of cryptocurrencies through breaches between January and November of 2023; this figure is projected to be less than half of what was stolen the previous year.<\/p>\n\n\n\n

November saw the exploitation of the bridge connecting the HTX exchange<\/a> and Ethereum, which compromised approximately $87 million worth of crypto assets. <\/p>\n\n\n\n

This breach occurred two weeks after Poloniex, a cryptocurrency exchange, experienced unauthorized withdrawals. In its list of the top ten cases for 2023, the Internal Revenue Service (IRS) incorporated four instances of cryptocurrencies.<\/p>\n\n\n\n

Approximately 80% of the respondents to the survey rank blockchain analytics investment as a “high” or “critical” priority. U.S. law enforcement still needs to fully implement its plans to educate its personnel on cryptocurrencies, according to the TRM Labs \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>report. <\/p>\n\n\n\n

Most participants cite insufficient funding, personnel, and expertise as the principal barriers impeding law enforcement's ability to combat cryptocurrency-related criminal activities effectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

TRM Labs surveyed more than 300 U.S. and international law enforcement professionals. While 90% of respondents believe their organizations provide crypto training, 99% advocate for an increase in this percentage. According to the survey, 93% of respondents were from law enforcement agencies in the United States, with the majority having their place at the federal […]<\/p>\n","protected":false},"author":1,"featured_media":67404,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5508,17653,376,11195,416],"class_list":["post-67399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain-2","tag-crypto-training","tag-cryptocurrencies","tag-law-enforcement","tag-survey"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-81.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67399","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=67399"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/67404"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=67399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=67399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=67399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}