INTERPOL Financial Fraud Report: The Global Threat Expands Boosted By Technology – 2024

INTERPOL Financial Fraud Report: The Global Threat Expands Boosted By Technology

Organized Crime Groups using more Human Trafficking Victims to carry out Crypto-Investment (‘pig-butchering’) and other Scams

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• INTERPOL

About This Article

The recent INTERPOL assessment on global financial fraud underscores the growing threat posed by technology-enabled organized crime groups targeting victims worldwide.

Utilizing tools like Artificial Intelligence (AI), large language models, and cryptocurrencies, these groups orchestrate sophisticated fraud campaigns with minimal technical skills and at low costs. Secretary General Jürgen Stock warns of the epidemic scale of financial fraud, emphasizing the need for urgent action and enhanced information sharing.

The report reveals prevalent fraud trends such as investment fraud and romance fraud, necessitating multi-stakeholder partnerships to develop effective counter strategies. With financial fraud increasingly perpetrated by transnational networks, law enforcement faces the challenge of strengthening data collection and analysis to Read More …

SCARS Editorial Team2024-04-11T07:54:11-04:00April 11th, 2024|Categories: • CRIMINOLOGY, • GOVERNMENT / REGULATORY, 2024, ARTICLE, INTERPOL, SCARS Editorial Team, WORLDWIDE|Tags: Financial Fraud, INTERPOL, Scams, Threat Expands|

INTERPOL Warns Of ‘Metacrime’ On The Metaverse – 2024

INTERPOL Warns Of ‘Metacrime’ On The Metaverse

An Insight into Crime of the Future in the Metaverse

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• INTERPOL

About This Article

INTERPOL’s new white paper delves into the emerging challenges of the Metaverse, highlighting the rise of ‘Metacrime.’

From grooming and radicalization to cyber-attacks targeting critical infrastructure and virtual property theft, law enforcement faces multifaceted threats in virtual realms. The paper underscores the complexities of investigating crimes where physical evidence is absent, emphasizing the need for digital forensic expertise. Yet, it also recognizes the potential for law enforcement, including advanced simulation and immersive training.

INTERPOL Operation HAECHI IV – Over 3,500 Successful Arrests – Expanded Details – 2023

INTERPOL Operation HAECHI IV – Expanded Details

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• INTERPOL

USD $300 Million Seized And 3,500 Suspects Arrested In International Financial Crime Operation HAECHI IV

Interpol Operation HAECHI IV was a global operation targeting cyber-enabled financial scams, running from July to December 2023.