By Eduard Kovacs on October 01, 2014
The European Cybercrime Center (EC3) at Europol has published its Internet Organised Crime Threat Assessment (iOCTA) for 2014. The role of the report is to keep decision makers informed on the cybercrime threats affecting governments, businesses and citizens in the European Union.
According to the EC3, the EU will remain a key target for cybercriminals as it offers numerous opportunities. EU member states are relatively wealthy, they have a lot of Internet users, and their economies and payment systems are increasingly dependent on the Web.
One of the main advantages of cybercrime is that the perpetrators don't need to be physically present in the targeted countries. In fact, the report shows that most attacks originate in countries outside of the EU's jurisdiction, where a lot more money can be made through online crime than from legitimate activities.
"The trans-national nature of cybercrime creates challenges for law enforcement to secure and analyse electronic evidence in countries from where the attacks originate, where there may be no or ineffective legal tools in place or insufficient capacity," the report says.
The iOCTA also focuses on the Crime-as-a-Service business model, which facilitates a wide range of cybercriminal activities. The widespread availability of DDoS, botnet, malware, data theft and password-cracking services has led to the increasing involvement of traditional organized crime groups in cybercriminal operations.
SecurityWeek/ Article/ http://www.securityweek.com/europol-analyzes-cybercrime-services-industry
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The following article is a update
EC3 Head Paints Bleak Cybercrime Picture
by Brian Donohue
WASHINGTON D.C. – Everyone has the right to privacy, said Troels Oerting, head of the Europol’s European Cybercrime Center (EC3), at Georgetown Law’s Cybercrime2020 conference yesterday. However, he went on, if you break your contract with society, that right can be taken away.
Oerting noted that in the physical world, it is well established that a person’s right to privacy can be removed if that person is suspected of a crime. This, he said, needs to apply in the online world as well. This need is complicated now that law enforcement has lost the battle against encryption, he said, because it is far easier and cheaper to encrypt than it is to decrypt.
U.S. law enforcement has been making a similar, albeit more desperate case against encryption in recent months, claiming – quite dramatically – that encryption could lead us to dark places. Oerting certainly acknowledges the difficulties law enforcement faces when it comes to dealing with encrypted communications, but his is a more pragmatic approach, painting a far broader and pitiable picture of the investigative struggle against cybercrime.
full article
EC3 Head Paints Bleak Cybercrime Picture
by Brian Donohue
WASHINGTON D.C. – Everyone has the right to privacy, said Troels Oerting, head of the Europol’s European Cybercrime Center (EC3), at Georgetown Law’s Cybercrime2020 conference yesterday. However, he went on, if you break your contract with society, that right can be taken away.
Oerting noted that in the physical world, it is well established that a person’s right to privacy can be removed if that person is suspected of a crime. This, he said, needs to apply in the online world as well. This need is complicated now that law enforcement has lost the battle against encryption, he said, because it is far easier and cheaper to encrypt than it is to decrypt.
U.S. law enforcement has been making a similar, albeit more desperate case against encryption in recent months, claiming – quite dramatically – that encryption could lead us to dark places. Oerting certainly acknowledges the difficulties law enforcement faces when it comes to dealing with encrypted communications, but his is a more pragmatic approach, painting a far broader and pitiable picture of the investigative struggle against cybercrime.
full article
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