How online fraud schemes are becoming a growing threat

Fraud schemes represent the fastest-growing area of organised crime. Online fraud schemes (OFS) networks target both individuals and organisations, operating as highly efficient and transnational industries. These networks employ a range of logistical, technical, and financial operations to perpetrate large-scale fraud. With the increasing adoption of generative AI, fraudsters can now personalise social engineering techniques, making them more convincing and dangerous. Online fraud schemes are one of the key threats highlighted in our annual Internet Organised Crime Threat Assessment (IOCTA). To find out more, tune in to this episode where Europol experts discuss this growing threat. Speakers: Jorge Rosal Cosano, Head of Team, Europol Learn more: Report: Internet Organised Crime Threat Assessment (IOCTA) The scam-aware mindset: simple habits to stay protected Social engineering: when trust is exploited