Cryptocurrency dangers the topic of discussion during cybersecurity workshop

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MARQUETTE, Mich. (WLUC) - Northern Michigan University was the site of a special cybersecurity workshop Thursday morning.

The Michigan InfraGard held their quarterly meeting at NMU, and in attendance were faculty, students, law enforcement, businesses and financial institutions.

The main topic of discussion was Bitcoin and other cryptocurrencies. Projections show that between 30-50 percent of purchases made with Bitcoin are criminal in nature.

“It's also hard to track,” said NMU criminal justice and loss prevention department coordinator Bob Hanson. “So there's no way to follow the money opportunities and there's no security for those things and billions of dollars have been lost.”

Davenport University and Madonna University also hosted meetings that were on the same teleconference as NMU.

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