Account Takeover Fraud , Blockchain & Cryptocurrency , Business Email Compromise (BEC)
From Ransomware and DDoS to Malware and SIM Swapping: Europol Describes Latest Threats Mathew J. Schwartz (euroinfosec) • October 13, 2020Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme also loom large,
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So says the seventh annual Internet Organized Crime Threat Assessment, produced by the European Cybercrime Center, aka EC3, which is part of the EU's law enforcement intelligence agency, Europol.
As Europol Executive Director Catherine De Bolle writes in her introduction to the latest IOCTA, it "provides a unique, law enforcement-focused assessment of emerging challenges and key developments in the area of cybercrime."
What are the top cybercrime trends? Here's a sampling from the report, with threats listed alphabetically:
1. Business Email Compromise
BEC attacks continue to rise, Europol warns. "As criminals are more carefully selecting their targets, they have shown a significant understanding of internal business processes and systems' vulnerabilities" (see: Business Email Compromise: Battling Advanced Attackers).
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