Europol Published its 2016 Internet Organised Crime Threat Assessment

07 November 2016

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.