(Last Updated On: May 13, 2019)

The EuropolEuropol The European Union Agency for Law Enforcement Cooperation, better known under the name Europol, formerly the European Police Office and Europol Drugs Unit, is the law enforcement agency of the European Union (EU) formed in 1998 to handle criminal intelligence and combat serious international organized crime and terrorism through cooperation between competent authorities of EU member states. The Agency has no executive powers, and its officials are not entitled to arrest suspects or act without prior approval from authorities in the member states. Based in The Hague, it comprised 1,065 staff as of 2016. WEBSITE LINK IOCTA 2017 INTERNET ORGANISED CRIME THREAT ASSESSMENT REPORT

The 2017 Internet Organised Crime Threat Assessment (IOCTA) reports how cybercrimeCybercrime Cybercrime is a crime related to technology, computers, and the Internet. Typical cybercrime are performed by a computer against a computer, or by a hacker using software to attack computers or networks. continues to grow and evolve.

While many aspects of cybercrime are firmly established, other areas of cybercrime have witnessed a striking upsurge in activity, including attacks on an unprecedented scale, as cybercrime continues to take new forms and new directions. A handful of cyber-attacks have caused widespread public concern but only represented a small sample of the wide array of cyber threats now faced.

This year’s report highlights how cybercrime continues to grow and evolve, taking new forms and directions, as demonstrated in some of the attacks of unprecedented scale of late 2016 and mid-2017.It further highlights the progressive convergence of cyber and serious and organized crime, supported by a professional underground service economy.

The report also describes some of the key challenges faced by law enforcement in terms of investigation and prosecution of cybercrime, highlighting many cross-cutting issues such as e-evidence challenges, and the need for adequate and harmonized legislation to address the specificities of cybercrime. The report goes on to list a number of key recommendations to address the phenomenon of cybercrime and identifies several priority topics to inform the definition of operational actions for EU law enforcement in the framework of the EU Policy Cycle. These include concrete actions under EC3’s three main mandated areas – child sexual exploitation online, cyber-dependent crime, and payment fraudPayment Fraud Payment Fraud (Non-Plastic) The fraud definitions for payment fraud are confusing unless you specify “non-plastic”. Payment Fraud (non-plastic) refers to payments made outside of card networks, via payments rails that send funds from one bank account to another. When making this type of payment, fraud occurs when a payments is sent to an account that the fraudster controls. Payment fraud can be unauthorized, which is commonly executed as an account takeover. Payment fraud can also be authorized, which is commonly executed through authorized push payment fraud (scams)., as well as cross-cutting crime enablers.

As in previous years, the 2017 IOCTA will inform the setting of priorities and help streamline resources within the EU and internationally to respond to cybercrime in an effective and concerted manner. Law enforcement continues to demonstrate that a coordinated, intelligence-led and adaptive approach by competent authorities, involving multiple sectors and partners can result in significant success in preventing cybercrime and mitigating its impact.

UNLIKE THE EQUIVALENT REPORT FROM THE UNITED STATES DEPARTMENT OF JUSTICE, THIS REPORT MENTIONS “ROMANCE SCAMSScams A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost.” BARELY TWICE. EMPHASIZING THAT IT IS NOT YET A SERIOUS FOCUS OF THE EU AND EUROPOL.