Binance partners CICC for cybercrime prevention using blockchain forensics

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Mary Rose Magsaysay, Deputy Executive Director, CICC.

Binance, one of the world’s largest blockchain ecosystem, recently partnered with the Cybercrime Investigation and Coordination Center (CICC) under the Department of Information and Communications Technology (DICT), to share its insights and experiences in preventing cybercrime using blockchain forensics with the various law enforcement agencies.

The seminar was designed by Binance and conducted by the company’s Asia Pacific Head of Intelligence and Investigations, Jarek Jacubcek. During the 2 days-long seminar, Jacubcek covered the technical aspects of interactions with and between exchanges, cryptocurrency tracing, common cybercrime activities, investigative techniques, prosecution of financial crimes, and forensics report development using open-source intelligence tools.

Jarek Jacubcek, a former member of the Garda, the Irish National Police, and Europol’s Cybercrime Centre, joined the Binance team in May and is tasked to take down malicious activities in the crypto ecosystem with the help of law enforcement agencies across the region.

The seminar was also graced by the presence of CICC Usec. Alexander K. Ramos, CICC Deputy Director Mary Rose Magsaysay, and PCol. Armel Gongona, Deputy Director of Administration of the Philippine National Police (PNP) Anti-Cybercrime Group.

“We are here to increase the technical capacity of our law enforcement and to help the judicial system appreciate cryptocurrency and how it is used as digital evidence in the judicial system.  We are doing this because we need the public reassured that our law enforcement system is catching up to high tech criminals. We welcome cryptocurrency transactions so that the public may be able to use it for their economic activities” says Mary Rose Magsaysay,  Deputy Executive Director, CICC.

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