UK Data Regulator To Target Proceeds Of Cyber-Crime

The UK’s data protection regulator has asked for broad new powers that would allow it to trace funds linked to online criminal activity, and to obtain asset freezes and confiscation orders.

The Information Commissioner’s Office (ICO) said it is increasingly common for cyber-criminals to steal or misuse data for financial gain, but that it is powerless to recoup the money through the courts. 

Most of the powers the regulator is seeking come under the Proceeds of Crime Act 2002 (POCA), including applying to the courts for restraint and confiscation orders, cash and asset seizures, and to use search and seizure warrants in the course of investigations.

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