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Forms of e-cash payment
- On-line model - Allows for completion of all internet transactions.
- Off-line model - The use of digitally encoded cards. For example smartcards
challenges for law enforcement in an e-Cash world
- Carrying out digital forensic on an infringed e-cash system requires specialized tools which need time to familiar with and are expensive
- tracking e-cash payments across the different financiers is time consuming
Why and how are criminal elements embracing this new technology
Why: Criminals see this as easy money. Transfer od cash from one person account to your account has been made easy due to "black hackers". These programmers may do it for fun or just to prove to the financiers that their systems can be broken into.
How: By sending rootkits to a user's email disguising itself as an authentic email from one of your financiers will prompt you to reveal your account details
Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 19th, 2015
Oct 25th, 2016
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