Criminals’ tech know-how fuels cyber-crimewave, wrong-footing law enforcement, banks
Criminals’ technological expertise has, in some cases, surpassed that of law enforcement and financial services to fuel a cyber crimewave in which cryptocurrencies are playing a growing role.
Cyber-dependent crime such as ransomware and cyber extortion, online child sexual exploitation, identity theft, payment fraud, business email compromise, cryptojacking and the use of cryptocurrencies for illicit payments and money laundering are all on the rise, according to Europol.
