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AI and crypto drive criminal efficiency: Europol

Europol’s latest report emphasizes the significant role of artificial intelligence and cryptocurrency in enhancing the efficiency of organized crime. The report highlights that criminal groups quickly adapt to technological advancements, using AI to automate scams and phishing attempts.

Generative AI lowers barriers for newcomers in digital crime, allowing them to create more convincing phishing attacks. The technology empowers criminals to tailor their messages and increase the reach of cyberattacks across various languages.

Additionally, the integration of blockchain technology and cryptocurrencies into conventional crime methods is evident. Criminal schemes increasingly focus on directly targeting crypto assets and mining resources, raising urgent concerns about the security of these digital platforms.

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