The European Union Agency for the Cooperation of the Application of the Law (Europol) published a report that explains how artificial intelligence and cryptography affected organized crime.
In a threat evaluation report on serious and organized crimes, Europol fixed that ai and cryptography play a role in criminal efficiency. The organization of application of the law said that criminal networks have demonstrated the ability to quickly adapt to the new technology.
The report says that the transformative qualities of ai make it an attractive tool for criminals. The report says that the generative ai had “reduced entry barriers” for digital crimes.
The government agency said that ai allows criminals to prepare messages in multiple languages, aimed at victims more precisely and globally. It also allowed malicious actors to create sexual abuse of malware and children's abuse.
How ai and crypto drive criminal efficiency
Europol also declared that ai's automation capabilities have transformed the efficiency of criminal operations. The government agency said that criminals can automate their Phishing campaigns using ai. Because of this, malicious actors can reach more victims with large -scale cyber attacks.
Europol said in the report that the realistic synthetic media allow criminals to deceive the victims, impersonate people and blackmail their objectives. The organization wrote:
“The addition of voice cloning and deep live videos amplifies the threat, allowing new forms of fraud, extortion and identity theft.”
On February 13, the Blockchain Chainalysis analysis firm said the generative ai is “amplifying the scams.” The analysis company said that ai is making scams more affordable and more scalable. The chief of chain fraud products, Elad Fouk, said that ai facilitates the creation of false identities, allowing scammers to strive real users.
In addition to ai, the report also pointed out how blockchain -based technologies such as cryptocurrencies and non -fungible tokens (nft) have gone beyond cybercrime and are now involved in other traditional criminal areas. This includes drug trafficking and migrants smuggling.
Europol also said that more criminal schemes have emerged to steal cryptography, nft and resources used to extract cryptography.
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Zachxbt says that Bybit's trick shows how the industry is “cooked”
The most recent high -profile criminal activity in the cryptographic space is the Bybit trick, which led to almost $ 1.5 billion in losses. In a telegram post, the cryptographic researcher Zachxbt saying The hack has been “revealing”, which shows how the industry is “incredibly cooked” with hacks and exploits.
The cryptographic detective said that the industry can be unable to get unless the government “forcibrates regulations that harm our entire industry.” The researcher shared that while helping to freeze funds related to hack, he witnessed failures with decentralized and centralized protocols. Zachxbt wrote:
“Several decentralized” protocols have recently had almost 100% of their monthly volume/rates derived from the RPDC and refuse to assume any responsibility. “
The cryptographic researcher said that North Korean computer pirates who wash the funds have demonstrated the defects of knowing their transaction and knowing the protocols of their clients.
“Centralized exchanges end up being worse, since when illicit funds flow through them a few take several hours to answer when it only takes minutes to wash the washing,” said Zachxbt.
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