Navas & Cusí proposes audits to curb cyber-attacks
In the wake of the latest Coinbase data breach—where cybercriminals bribed outsourced support agents to access highly sensitive user information—Navas & Cusí Abogados is calling for urgent legal reform to tackle the growing wave of cross-border digital scams.
“This is no longer just a tech issue—it’s a legal emergency,” warns Fernando Navas, Head of New Technologies at the firm. “Cybercriminals operate in real time, while our legal frameworks move at the pace of paperwork.”
The firm points to alarming figures: Coinbase users have lost over $90 million in just two weeks through sophisticated social engineering scams, with projected annual losses exceeding $330 million. These attacks, often involving identity theft and phishing, are becoming more refined—and more frequent.
To prevent further escalation, Navas & Cusí proposes the creation of fast, cross-border legal mechanisms, including:
- Preventive asset freezes across jurisdictions
- Real-time cooperation protocols between authorities
- Mandatory cybersecurity audits led by independent bodies
Countries like Singapore, Estonia, and Australia are already seeing positive results from such measures, combining legal innovation with public awareness to reduce incidents dramatically.
But according to Navas, Spain and the EU must go further: “Our current tools—like international letters rogatory—are simply too slow. We need legal infrastructure that matches the speed of digital crime. Otherwise, we’re sending victims into battle with outdated weapons.”
The firm warns that as crypto adoption grows, so does the risk. Without structural changes to how legal systems respond to international fraud, financial losses—and trust—will continue to erode.
“The Coinbase case is a wake-up call,” concludes Navas. “We must stop playing catch-up and start designing laws for the reality we’re already living.”
