Cybercriminals launder an estimated $80-200 billion in illegal profit each year. 8-10% of all illegal proceeds laundered around the world. Virtual currencies are the most common tool used for money laundering – but Bitcoin isn’t quite as trendy among hackers. Bitcoin’s blockchain technology means all transactions are transparent, even if the users’ identities remain concealed. Cybercrime is like a business – it’s more than that. It’s like an economy which mirrors the legitimate economy, says Dr. Mike McGuire.”]
Source: https://www.darkreading.com/attacks-breaches/cybercriminals-launder-up-to-200b-in-profit-per-year