Fast-Growing Cyber Crime Threatens Financial Sector: Europol

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The “remorseless” growth of cyber crime is leading to 4,000 ransom attacks a day and gangs’ technological capability now threatens critical parts of the financial sector, the head of Europol said on Wednesday.

Online criminals have become so sophisticated that gangs have created “conglomerations” with company structures that specialize in different criminal activities to carry out the attacks, Rob Wainwright, who leads the EU law enforcement agency, said.

“What really concerns me is the sophistication of the capability, which is becoming good enough to really threaten parts of our critical infrastructure, certainly in the financial, banking sector,” he told Reuters.

Read the original article here: reuters.com


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