Security firms, law inforcement unite against cyber criminals

Cyber criminals are more organised than ever before and their operation, designed to orchestrate ransomware, encryption, and denial-of-service attacks resemble legitimate businesses.

Tzingakis says cyber criminal groups operate as well-organised ventures with their own recruitment and finance departments.Trend Micro shares its threat intelligence with other security vendors, as well as academics and law enforcement agencies. From this and other shared insights, police made 14 arrests and identified 20 674 suspicious cyber crime networks linked to losses of over $40 million.

In February this year, the UK’s National Crime Agency initiated Operation Cronos which saw the seizure of the group’s source code, its technical infrastructure used to carry out attacks and its leak site.

Source: Law Daily Report (lawdailyreport.net)

Emmanuel Tzingakis INTERPOL Afripol Lockbit Operation Cronos RAAS

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