European Union Finds Ransomware Is Top Cybercrime

The European Union’s 2019 cybercrime report said the number of online attacks is going down but criminals are targeting more data and profits.The European Union’s law enforcement agency developed the report that shows that ransomware remains the top cybercrime threat. Ransomware attacks block access to vital data and are described as being targeted, more profitable for the attackers and causing greater economic damage to private and public entities.The report, called the Internet Organized Crime Threat Assessment, cited the 2019 “GermanWiper” ransomware as an example of the harm it can bring. That ransomware replaced the files of German companies, making them unrecoverable.The report identified concerns of governments becoming victims to ransomware attacks. Local governments in the United States, like the cities of Atlanta and Baltimore, have fallen victim to it.  According to the report “every state in the U.S. has been hit with an attack, with the exception of Delaware and Kentucky.”The IOCTA said the United States has seen more damage from ransomware than the European Union, but that could change as cybercrime “evolves.”Europol also highlighted online sexual exploitation of children.  A report says cybercriminals can use the internet to access sexually explicit content of minors. It says a growing number of juveniles have been sharing sexual pictures or videos with peers, which could be stolen and reposted.Cybercriminals can also make content themselves. The report targeted deepfakes as being used to create videos of children using their own material. Deepfakes create false images and have been used to produce explicit content from celebrity websites. A comedian used Artificial Intelligence to generate a deepfake of former U.S. president Barack Obama.Other developments in cybercrime like decentralized, unregulated internet marketplaces and phishing scams that steal personal data, remain concerns for Europol because of their potential to continue to evolve even as law enforcement works to prevent it.”Some threats of yesterday remain relevant today and will continue to challenge us tomorrow,” said Europol’s Executive Director, Catherine De Bolle.  
…