Page 49 - Cyber Defense eMagazine - October 2017

should definitely have a look at the cyberspace. So, the only issue is that the majority
findings being collected in a high tech environment would not get recognized as the
valid evidence in the investigative process. The point here would be as we progress
with our technological development and deployment – we should adapt our legal
regulations to those sorts of the changes. In this effort, we would use the case study of
financial crime being one of the most challenging crimes to get proved. The main
reason to that is a quite old-fashioned legal regulation that would include many
complications which could be overcome using the careful analyzing of the police cases
from the past and getting them in correlation with the current technological progress. It
would appear that our legal regulations dealing with the financial crime cases would
need a deep and comprehensive reform that would offer us an opportunity to make our
investigations being simpler and more effective.

Why is it important to make your investigation getting more effective? There are many
reasons coping with these connotations, but the most significant is that it’s all about the
budget being used for your
case. For instance, if you
resolve your case in a less
time consuming manner –
you would undoubtedly
make it getting more cost-
effective. This is quite
important from the point of
view of your country’s
economy that would pay
every single day of an
investigation to the police
officers working on so.
Well, the point is to use the
advantages of cyber
technologies in order to
make your financial crime
investigation being less
time consuming and more cost-effective. We are aware of that these sorts of
requirements are so typical for some business projects, but also it’s important to
understand that the policing should deal in a quite rational manner and think smartly
how to apply its resources. Also, there are some indications suggesting that the
effectively obtained investigations could reduce the percentage of committed crimes in
some part of the world for a reason that less people would dare to convict any type of
criminality because he or she would know that the Police Force could catch them in a
timely reasonable manner. So, maybe we should try to think about how to simplify our
investigation procedures and policies and in case of financial crime – the search for the
marked banknotes could appear as a quite outdated approach. Our idea is to try to
avoid such a sort of the investigative process for a reason it takes a lot of time and hard
work, so it would be better to try to formulate the new legal regulations that would deal
with the more obvious findings and offer us a chance to prove the crime in a much
easier way. At this stage, it’s quite significant to make a good model of the possible

49 Cyber Defense eMagazine – October 2017 Edition
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