Tech crime as a service escalates

Criminals are increasingly offered crime as a service (CaaS) and are using sharing-economy ride-sharing and accommodation services, too, a major law enforcement agency says.

Europol, the European Union’s policing office says tech-oriented CaaS is being offered to swathes of the underbelly of Europe. Criminals gain an advantage because they can perform crimes better and more efficiently, and they can work at scales greater than their existing technical proficiency.

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An estimated 5,000 internationally operating crime gangs are currently being investigated in the trading bloc, according to Europol.

CaaS allows “even entry-level cybercriminals to carry out attacks of a scale disproportionate to their technical capability,” the agency says in its latest organized crime study (PDF).

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