Cybercrime as a Service on the Darknet Has Europol Concerned
Europol believes that militants can potentially use cybercrime as a service from the darknet to launch attacks on European nations. Software as a Service (SaaS) has been around for a while until the Bitcoin revolution introduced Blockchain as a Service (BaaS). Thanks to both, now we have Cybercrime as a Service. The emerging threat as got Europol concerned. According to recent reports, the European law enforcement agency has expressed its concerns about the increasing availability of cybercrime services for hire on the darknet. These services, run by hackers can be easily hired by anyone....
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Similarly to how most governments feel, Europol is not too keen on end-to-end encryption either. The report mentions how several cases of child abuse have been livestreamed over encrypted connections. Cybercrime is a threat of all ages, even though things seem to be getting progressively worse over time. Europol has issued a new warning against the mounting number of online crimes. At the same time, they are also concerned about the mounting number of opportunities for criminal gain. Bitcoin is, of course, mentioned as well. The number of threats posed by internet criminals has never been....
European law enforcement agency Europol has taken down an underground marketplace on darknet that was booked for promoting child pornography and selling illegal goods. In a statement made right after the darknet’s shutdown, Europol credited the Italian police department as its ally in driving their two-year long “Operation Babylon” to its rightful conclusion. They recognize the undercover officers, who penetrated into the illegal community, and leaked details back to their departments. The investigation agencies was also cooperating with the FBI with hopes to identify each and every....
Virtually every purchase of these counterfeit bills was paid for in Bitcoin, which remains the primary currency of the deep web. Bitcoin fraud can come in many different ways. An ongoing Europol investigation revealed how a criminal group was selling counterfeit euros on the darknet. Early estimates indicate they earned 160,000 Euros worth of Bitcoin through this method. Police officials arrested eight suspects earlier this week, and several hundred buyers have been identified. The investigation in question is a joint effort by Europol and the Guardia di Finanza in Italy. During this....
Europol has revealed the arrests of members of a darknet-based counterfeit currency racket who received over €160,000 in Bitcoin (approx. $172,000). In an announcement, today, Europol, the European Union’s primary law enforcement agency, revealed details of an investigation of a criminal group touted to “one of the biggest vendors of counterfeit euro currency online.” The vendor was active in different marketplaces, Europol added, with accomplices in the Naples area, in Italy. The investigation revealed that the vendor was selling counterfeit 20, 50 and 100 euro notes on the Darknet for....
Blockchain startup Chainalysis has signed a memorandum of understanding with Europol’s European Cybercrime Centre (EC3) that will see the firms collaborating on efforts to fight online crime. The news comes as the firm closes a $1.6m seed funding round led by Point Nine Capital, with Techstars, Digital Currency Group, Funders Club and Converge VP also investing. Chainalysis, which is an official investigator for the creditors of collapsed bitcoin exchange Mt Gox, says the memorandum it has signed with Europol promotes collaboration and information sharing. The company suggested that the....