Security News > 2023 > July > Europol’s IOCTA 2023 Report Reveals Cybercriminals are Increasingly Interdependent

The Europol report also reported on cybercriminals' use of cryptocurrencies and how their techniques are more sophisticated.

The Europol report reported on cybercriminals' use of cryptocurrencies and how their techniques are more sophisticated.

The main themes of the report are cybercriminals are increasingly codependent, the fundamentals of cybercrime, technically speaking, remain the same and there is a constant use of cryptocurrencies and an increased use of mixers.

All of those needs require deep knowledge in different fields, which is a reason why a number of cybercriminals have decided to sell their knowledge as a service to other cybercriminals.

"The fact that so many cybercriminals are now operating co-dependent services is further evidence of how complex the cybercrime industry has become, and demonstrates the need for organisations to have cohesive security strategies in place that can protect applications, APIs, and their sensitive data. However, the flip side is that the growing co-dependency among cybercriminals means that if businesses are able to disrupt any part of the cybercrime supply chain, it can make a significant difference to their overall security posture. Even one solution or initiative, if well-targeted, can be enough to help break the cycle."

Payments between cybercriminals for different services are also always made in cryptocurrencies.

News URL

https://www.techrepublic.com/article/europol-internet-organised-crime-threat-assessment/