Europol, the official Law Enforcement agency for the European Union has warned the world on 10 ways in which people can get impacted by cybercrime. The alert was presented at the 5th Annual Internet Organized Crime Threat Assessment (IOCTA) hosted at the Interpol Cyber Crime Conference in Singapore.
The criminal intelligence of European Union described Ransomware, Mobile Malware, Stealthy Malware, Online Extortion, Network intrusions for data theft, DDoS- Distributed Denial of service attack, Social Engineering, Crypto Mining, the volume increase in Child abuse material and Darknet usage as the most anticipated future cyber threats.
The report added that the law enforcement agencies are finding it extremely difficult to detect whether it was a sophisticated cybercrime, organized crime or a state-funded actor activity.
Europol says cyber crooks are nowadays abandoning random attacks on mass targets in favor of specific targets which include people and businesses. As the prevalence and usage of cryptocurrencies are increasing, it has also surged up the intentions of cybercriminals as they can now launch more sophisticated attacks in return on the digital currency which can be procured in a discrete way.
Furthermore, the European Police Organization are also expecting Daesh or ISIS followers to gather more cyber attack tools from digital undergrounds such as ‘Darkweb’ to launch attacks on western countries. The agency says that Daesh Forces are seen purchasing a lot of illicit malware in order to grow up their cyber ability to launch attacks on cyber adversaries like the United States and Britain.
Thus, Catherine De Bolle, the Chief of Europol emphasizes on the need for the law enforcement to engage policymakers, legislators, and industry bigwigs in crafting solutions which can help deter and curb cybercrime to the core.
