How crime is nurtured online
The Europol Podcast
Europol
4.6 • 7 Ratings
🗓️ 10 June 2025
⏱️ 31 minutes
🧾️ Download transcript
Summary
Online fraud is increasing in scale, diversity and sophistication, at a pace we have never seen before. From investment fraud to cyberattacks, to get people’s money and data, to the laundering of this criminal money via cryptocurrencies, the entire life cycle of crime takes place online. The Internet is the criminal theatre of today, as almost all serious and organised crime has a digital footprint.
In this instalment of The Europol Podcast, we uncover the digital criminal underworld to find out how crime is nurtured online.
Speakers
- Burkhard Mühl, Head of the European Financial and Economic Crime Centre (EFECC) at Europol.
- Tamara Schotte, Head of Analysis & Strategic Coordination Unit at Europol.
- Marijn Schuurbiers, Head of Operations in the European Cybercrime Centre at Europol.
- Sebastian Bley, Head of the Serious Fraud team at Europol.
Transcript
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| 0:00.0 | We see that online fraud is reaching epidemic levels. |
| 0:07.0 | Almost everyone knows someone who has been a victim of online fraud. |
| 0:12.0 | With more and more AI tools like voice cloning technology, deepfakes, |
| 0:17.0 | LLM generated scripts, AI-driven translations, we will see a lot more of frauds happening, |
| 0:23.6 | especially romance frauds, investment frauds, |
| 0:26.6 | targeting millions of people because the technology doesn't need to sleep. |
| 0:31.6 | In Operation Raptor, 270 people around the world got arrested. |
| 0:36.6 | Data is the new currency of power. 270 people around the world got arrested. |
| 0:41.3 | Data is the new currency of power. It's stolen, traded and exploited by criminal actors, |
| 0:46.3 | and we're currently living through a fraud epidemic. |
| 0:49.3 | Fraud is increasing in scale, diversity and sophistication |
| 0:53.3 | at a pace we've never seen before. |
| 0:56.6 | Online fraud can have an absolutely devastating impact on victims, both financially and |
| 1:01.7 | psychologically, with many people being targeted by criminal networks multiple times. |
| 1:07.2 | These fraud schemes are leveraging new technologies to become even more convincing. |
| 1:12.4 | And once they've completed their scams, these fraudsters have to launder their money. |
| 1:17.1 | For this, cryptocurrency is key. |
| 1:20.2 | It's becoming the financial backbone of the digital criminal underworld. |
| 1:24.3 | Cyber attacks play an important role too. |
| 1:27.1 | These criminals frequently target not only individuals, |
| 1:29.3 | but critical infrastructure, governments and businesses. |
| 1:33.3 | There are platforms and online forums, dark markets, |
... |
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