Europol published its annual presentation of the cybercrime threat landscape, entitled 2016 Internet Organised Crime Threat Assessment (IOCTA).
The 2016 IOCTA reports a continuing and increasing acceleration of cybercriminal trends. Cybercrime has reached such a level that in some EU countries, cybercrime may have surpassed traditional crime in terms of reporting.
Key findings are:
- Cryptoware (encrypting ransomware) has become the most prominent malware threat, overshadowing data stealing malware and banking Trojans.
- EMV (chip and PIN), geoblocking and other industry measures continue to erode card-present fraud within the EU
- DDoS attacks continue to grow in intensity and complexity, with many attacks blending network and application layer attacks.
Europol publishes key recommendations and suggests some priorities as the cyber-attacks and the payment fraud. Europol therefore recommends enforcing a better cooperation between EU member states, having greater awareness of the risks or keeping fostering the Public-Private partnerships.