Tag: EuroPol

EU-led Operation Strikes IS Web Media

EU-led Operation Strikes IS Web Media

By Cybersecurity, News 0 comments

Europol reported earlier this week that an international operation led by the EU had dealt a major blow to the Islamic State’s internet propaganda. The attack was carried out by cyber experts from various European countries, Canada and the US who conducted a “simultaneous multinational takedown” of IS media where digital evidence and servers had been seized. Europol head Rob Wainwright said that the operation had punched a big hole IS’ propaganda and radicalization efforts, and the data they retrieved will be used by the police to identify the administrators behind IS media outlets and other radicalised individuals. Source: BBC

Europol: Criminals Laundering Billions Through Cryptocurrencies in Europe

Europol: Criminals Laundering Billions Through Cryptocurrencies in Europe

By Bitcoin & Cryptocurrency, News 0 comments

Europol director Rob Wainwright recently revealed to BBC’s Panorama that an estimated 3-4% of the £100 billion made through illegal means in Europe were being laundered through cryptocurrencies. Wainwright explained that the laundering process involved distributing the dirty money in smaller amounts to “mules” who then convert it back to cash and return it to the criminals. He added that there was no way for the authorities to freeze the virtual funds even if they do discover them. The Europol chief called on regulators and industry leaders to come together to address the issue, saying that the latter needed to […]

Ukraine Sends Call to Arms to FBI, UK’s NCA, Europol

By Cybersecurity, News 0 comments

A new version of ransomware dubbed as “NotPetya” that has hit Ukraine during their Constitution Day led the country to seek help from the FBI, Europol, and the National Crime Agency of England in tracking the culprits behind the cyberattack. Ukraine’s Security Service, Sluzhba Bezpeky Ukrayiny (SBU), raised a call for international organizations to come together to hunt the offenders. In a statement, SBU reported that other cyber security institutions will join the investigation. The attack in Ukraine spread mainly through a corrupted software update from a tax accounting software in the country called M.E.Doc. However, an investigation conducted by F-secure stated […]