05 Nov 2019

Europol: Spear phishing the most prevalent cyber threat affecting orgs across the EU

A new report[pdf] by Europol identifies spear phishing, i.e. targeted phishing, as the top threat to organizations in European Union (EU) member states. According to the study, spear phishing is the most common attack vector used by cybercriminals to compromise organizations. Steven Wilson of Europol’s European Cybercrime Centre added that

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10 Sep 2019

European police arrest Dark Web counterfeit currency traders

European law enforcement agencies have taken down the second-largest known counterfeit currency network operating on the dark web, Europol announced on Monday. Five individuals suspected of participating in the creation and distribution of fake currency were recently arrested by Portuguese police. In addition, a total of €1.3 million (around $1.43

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29 Jul 2019

No More Ransom saves ransomware victims $108 million

In the three years since its launch, Europol’s No More Ransom initiative has helped over 200,000 ransomware victims regain access to their files without paying the attackers, thereby preventing $108 million in ransom payouts. No More Ransom offers 109 different decryptor tools, 14 of which were added in 2019. The

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22 Jul 2019

AI, quantum computing and 5G could make criminals more dangerous than ever, warn police

A new Europol report[pdf] sheds light on the way emerging technology is shaping the cyber crime economy as well as law enforcement efforts to fight cyber crime. The research states that the use of artificial intelligence (AI) can vastly improve the success of cyber attacks and make it easier for

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17 Jun 2019

Europol Gamifies Cryptocurrency Crime Prevention

Europol is developing a “cryptocurrency tracing game” that is intended as training material on cryptocurrency crime prevention. The agency says the game “will allow law enforcement officers to get hands-on training and advice on tracing cryptocurrencies in criminal investigations,” according to Europol. This is the first time gamification is used

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23 May 2019

Bestmixer seized by police for washing $200 million in tainted cryptocurrency clean

Europol together with Dutch and Luxembourg authorities seized Bestmixer.io on Wednesday because they believe the “world’s leading cryptocurrency mixing service” has laundered over $200 million in cryptocurrency linked to criminal activities. Bestmixer.io had been operating for about one year when it was shut down. By “mixing” cryptocurrencies from multiple sources

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03 May 2019

Law enforcement seizes dark web market after moderator leaks backend credentials

Dark web marketplace Wall Street Market (WSM), which was used for the sale of narcotics, arms, malware and other illicit goods and services, has been taken down in a collaborate effort by Europol and law enforcement agencies from the US, Germany, the Netherlands and Romania. It is unclear to what

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29 Jan 2019

Law enforcement shuts down xDedic marketplace for hacked servers

A cooperative effort by law enforcement agencies from the U.S., Belgium, Ukraine as well as the European agencies Europol and Eurojust, has resulted in the takedown of a vast underground digital network used by criminals to buy and sell access to hundreds of thousands of compromised servers and stolen personal

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11 Dec 2018

Europol identifies 1,504 money mules across 30 countries in organized laundering crackdown

A Europol campaign against money laundering recently identified 1,504 money mules across 30 countries and made 168 arrests across 20 countries. The money mules are largely a product cyber criminals who must work to launder their stolen gains. Such mules are often recruited from pools of recent immigrants, the unemployed,

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