How to stop the ‘xoom’ fraud crisis
After being robbed, the victims of the “xoom” fraud crisis must figure out how to defend themselves in court, a new study has found.
The new study from a group of top law enforcement and financial law experts from the Department of Justice, Federal Reserve and Treasury Department was released Thursday.
They wrote in the report that the threat of fraud in the digital currency space is so strong that the government needs to step in and help.
“We cannot allow this type of fraud to continue,” the report says.
“The digital currency industry needs to get on the front line and help protect consumers from the very real risks of fraud and loss.
That means using smart and effective technology to detect fraud, block fraudulent activity, and stop fraudulent activity.
We cannot let this industry continue to ignore the security risks of digital currency.”
The report notes that the cryptocurrency industry is facing a wave of cyberattacks and theft that threatens to undermine the viability of its financial systems and cause losses to victims.
The cyberattack on Mt.
Gox in February of this year, the collapse of Mt.
Gox in November and the hack on several other exchanges in the wake of the collapse have all raised questions about the digital currencies business.
It also says that cyberattacks on banks, the Federal Reserve, the U.S. Treasury Department and the Internal Revenue Service have created new problems for financial institutions and consumers.
While many of the threats are financial, the report notes many of these threats are more pervasive and disruptive than previously thought.
To prevent fraud and prevent losses, financial institutions must implement sophisticated cybersecurity measures and take action to mitigate these threats, the authors said.
Fraud is “always going to be a threat,” the authors wrote.
“But digital currencies are a new world and we need to be prepared.”