According to a new Interpol assessment, the increased use of technology is helping organized crime groups better target victims around the world. Resources such as Artificial Intelligence (AI), language models, cryptocurrencies grouped with phishing and ransomware allow criminals to take a more business-like approach to fraud campaigns without the need to have technical skills. There is also a growing expansion of human trafficking, for the particular purpose to carry out ‘pig-butchering’ scams – a scheme combining romance and investment frauds, using cryptocurrencies. Interpol Secretary General Jürgen Stock says, “We are facing an epidemic in the growth of financial fraud, leading to individuals, often vulnerable people, and companies being defrauded on a massive and global scale.”
Interpol Financial Fraud Assessment: Global Threat Boosted by Technology
