The European Union Agency for Cooperation on Application of the Act (Europol) has published a report explaining how artificial intelligence and crypto affected organized crime.
In an assessment of threat assessment on serious and organized crime, Europol declared This AI and this crypto play a role in criminal efficiency. The organization of the police said that criminal networks have shown an ability to adapt quickly to new technologies.
The report indicates that the transformative qualities of AI make it an attractive tool for criminals. The report indicates that generating AI “reduced obstacles to entry” for digital crimes.
The government agency said that AI allows criminals to create messages in several languages, targeting victims more precisely and worldwide. It also allowed malware to create malicious software and children of sexual abuse.
How AI and crypto lead criminal efficiency
Europol also said that AI automation capacity had transformed the effectiveness of criminal operations. The government agency said criminals can automate their phishing campaigns using AI. For this reason, malicious actors can reach more victims with large -scale cyber attacks.
Europol said in the report that the realistic synthetic media allowed criminals to deceive the victims, to pretend to be individuals and to make their targets sing. The organization wrote:
“The addition of vocal cloning and live video on AI and live depth amplifies the threat, allowing new forms of fraud, extortion and identity theft.”
On February 13, the blockchain analysis company said that the generator “amplifies scams”. The analysis company said the AI is Make the scams more affordable And more evolutionary. Chainalysis’s fraud product manager Elad Fouk said AI facilitates the creation of false identities, allowing fraudsters to identify real users.
In addition to AI, the report also noted how technologies based on blockchain such as cryptocurrency and non-buttons (NFTS) have exceeded cybercrime and are now involved in other areas of traditional crime. This includes drug trafficking and the smuggling of migrants.
Europol also said that more criminal diets had appeared to steal the crypto, NFT and the resources used to exploit crypto.
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Zachxbt says that hacking by Bybit shows how the industry is “cooked”
The most recent large -scale criminal activity in cryptographic space is the hacking of Bybt, which has resulted in nearly $ 1.5 billion in losses. In a telegram article, the Crypto Zachxbt researcher said The hack was “revealing”, showing how the industry is “incredibly cooked” with hacks and exploits.
The Sleuth de Crypto said that the industry could be unable to repair itself unless the government “forcies regulations that harm our entire industry.” The investigator shared that, as he helped freeze the back -related funds, he witnessed defects with decentralized and centralized protocols. Zachxbt wrote:
“Several” decentralized “protocols have recently experienced almost 100% of their volume / monthly cost derived from the RPDC and refuse to take all responsibility.”
The crypto investigator said North Korean hackers whitening the funds have demonstrated the faults of knowing your transaction and knowing your customer protocols.
“Centralized exchanges end up being worse because when the illicit funds cross them, a few hours take several hours to answer when it takes only a few minutes to whiten,” said Zachxbt.
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