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People, Process and Technology for Cryptocurrencies Forensics: A Malaysia Case Study

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Advances in Cyber Security (ACeS 2020)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 1347))

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Abstract

Crimes related to cryptocurrencies are on the rise. In Malaysia, reported losses is increasing from USD2.67 million in 2017 to USD55.32 million in 2018. This raise a concern whether the current process, tools and trainings are sufficient for Malaysian investigators to conduct cryptocurrencies forensics. A survey questionnaire was conducted to answer four questions; is the current (i)process model (ii)tools, and (iii)trainings sufficient? Lastly (iv)is there a relationship between work experience years and the needs for process model, tools and trainings? The result shows respondents (i) agreed that process model is insufficient; (ii) neutral on the sufficiency of tool, however, they suggested a tool to collect suspected cryptowallets information, cryptowallets triage tool; and automated cryptocurrencies transfer tool; (iii) agreed that training program is insufficient, and lastly (iv) regardless of years of experience, investigators do need a process model, tools and trainings to conduct work. Surprisingly these findings echoed with worldwide view. The study highlights the need for a cryptocurrencies forensics process model, tools and trainings program in place.

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Author information

Authors and Affiliations

  1. CyberSecurity Malaysia, 63000, Cyberjaya, Selangor, Malaysia

    Sarah K. Taylor, M. Sharizuan M. Omar, Nooraiman Noorashid & Aswami Ariffin

  2. Center for Cyber Security, Universiti Kebangsaan Malaysia, 43650, Bangi, Selangor, Malaysia

    K. Akram Z. Ariffin & S. N. Huda S. Abdullah

Authors
  1. Sarah K. Taylor
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  2. M. Sharizuan M. Omar
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  3. Nooraiman Noorashid
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  4. Aswami Ariffin
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  5. K. Akram Z. Ariffin
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  6. S. N. Huda S. Abdullah
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Corresponding author

Correspondence to Sarah K. Taylor .

Editor information

Editors and Affiliations

  1. National Advanced IPv6 Centre, Universiti Sains Malaysia, Penang, Malaysia

    Mohammed Anbar

  2. Hodeidah University, Hodeidah, Yemen

    Nibras Abdullah

  3. National Advanced IPv6 Centre, Universiti Sains Malaysia, Penang, Malaysia

    Selvakumar Manickam

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Taylor, S.K., M. Omar, M.S., Noorashid, N., Ariffin, A., Ariffin, K.A.Z., Abdullah, S.N.H.S. (2021). People, Process and Technology for Cryptocurrencies Forensics: A Malaysia Case Study. In: Anbar, M., Abdullah, N., Manickam, S. (eds) Advances in Cyber Security. ACeS 2020. Communications in Computer and Information Science, vol 1347. Springer, Singapore. https://doi.org/10.1007/978-981-33-6835-4_20

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  • DOI: https://doi.org/10.1007/978-981-33-6835-4_20

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-33-6834-7

  • Online ISBN: 978-981-33-6835-4

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