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Report: Cybercrime has become big business

2023-07-18 09:49:00, Kosova & Bota CNA

Report: Cybercrime has become big business

Europol's ninth Internet Organized Crime Threat Assessment (IOCTA), the first module of which is published today, has taken an in-depth analysis of the online criminal "ecosystem", examining the actors, vectors and their attack and victims.

Cybercrime has become big business, with an entire illicit economy created to support it with service providers, recruiters and financial services. This makes investigating cyberattacks increasingly challenging for law enforcement, with multiple specialized actors working in parts of the criminal process from every corner of the globe.

Europol's IOCTA aims to provide and understand modern cybercrime to equip law enforcement with the knowledge to combat it. The report and accompanying modules are based on operational information contributed to Europol's European Cybercrime Centre, combined with expert knowledge and open source intelligence.

The current summary of the report presents the main overall findings regarding the different typologies of cybercrime, namely cyberattacks, online fraud schemes and online child sexual exploitation. It will be followed by a series of spotlight publications covering each of the crime areas in depth. / CNA





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