Cyber-enabled fraud affected an estimated 25.5% of the global population in 2023. The money that this brings in for cybercriminals has an effect that extends beyond the direct victims. According to a 2023 United Nations research, at least 220,000 people were compelled to participate in online scams after being trafficked in South-East Asia, with some of them coming from as far afield as Africa and Latin America. Disrupting Cybercrime Networks: A Collaboration Framework, a recent white paper from the World Economic Forum, examines how to expand on the achievements of current collaborations in order to hasten the disruption of cybercriminal activity. Here, we look at a few of its conclusions and suggestions.
The combination of violent organized crime and cybercrime has also caused a change in the mindset of cybercriminals, as new players in the market are less focused on committing mass physical harm. After losing the service’s capacity to match patient blood due to a ransomware attack on a blood test supplier in June 2024, the National Health Service in the United Kingdom had to immediately request blood donors and reschedule over 800 scheduled surgeries.
Disrupting cybercriminals at scale
By working together and imitating corporate tactics to streamline their operations, cybercriminals have expanded the scope and effect of their operations. It is now necessary for cyber-defenders to cooperate in order to maintain an advantage in the battle against cybercrime. The Center for Cybersecurity at the World Economic Forum has published a framework to facilitate operational partnerships that deter cybercrime on a large scale.
A number of effective disruption efforts that have been launched in 2024 to target cybercrime organizations may serve as a model for addressing the issue. In Thailand and the Philippines, law enforcement collaborated with the private sector to recover illicit revenues and successfully rescued hundreds of people from forced labor in cyber-scam farms. Coordinated arrests have resulted from INTERPOL-supported operations in Latin America and West Africa. Collaborations between law enforcement and industry in North America and Europe have resulted in unprecedented success in disrupting the technical infrastructure of cybercriminals, raising the stakes for both the criminals who utilize these services and the cybercrime service providers.
Cybercriminal organizations have developed into extremely profitable multinational corporations connected by intricate supply chains and business networks. This makes it possible for cybercriminals to operate on a large scale and offers chances to deter cybercrime by disrupting it and apprehending offenders, thus drastically changing the risk-reward equation for offenders.
Cybercriminal activity execution is made more complex, costly, and risky by operational partnerships. By combining resources, cross-sector collaborations enable businesses to develop capabilities that they might not be able to on their own.
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