Experts agree that sophisticated cybercrime can only be tackled by joining forces.
THE HAGUE, Netherlands – Cybercrime experts, law enforcement, businesses and the financial sector gathered in Singapore this month to identify new ways in which criminals are using the web to commit crime, and how stronger partnerships are the only way to stop them.
Speaking after the 40th Annual Crime Stoppers International (CSI) conference in Singapore this month, CSI President Sharon Hanlon said that the world has to unite to fight crime.
“Crime being perpetrated online is no longer an emerging threat, it’s no longer the new frontier, it’s here and now and it’s growing at a significantly faster rate than we have ever seen before.”
“The onslaught from organised crime represents a global challenge that requires a global response and is dependent on the cultivation of effective partnerships – locally, nationally and internationally,” said Ms. Hanlon
Speakers and experts at the conference gave varied perspectives on how digitally enabled crime is becoming more sophisticated, and the tactics that can be used to mitigate the threat of cybercrime – a crime that cost the economy over $2.7 billion last year.
According to experts, cybercrime plays a dark role in online sexual abuse, human trafficking, environment crimes and illicit trade. They also pointed out that most of the proceeds of these crimes ultimately end up in the financial system, giving law enforcement and the financial sector the opportunity to work together to identify and capture criminals. Experts agreed that analytics, technology and human intelligence were critical components in the fight against digitally enabled crime.
Cybersecurity expert Paul C Dwyer highlighted the fact that criminals are now devoting a number of years to a single crime and – thanks to support from rogue governments – their time investment often results in a big payout. Dwyer also revealed how TOR, encryption and hidden services on the Dark Web are exploited by criminals, and how any crime can be bought for a price. These include murder, bombings, illicit trade, counterfeiting and organ harvesting. Dwyer said that public awareness and anonymous reporting can play an essential role in mitigating these threats.
Cyber attacks have devastating consequences on our daily lives, and Microsoft’s Chief Technology Officer in Singapore, Richard Koh, discussed how cybercrime affects the public daily by attacking essential services like the British National Health Service, the Ukraine electricity infrastructure and even ATMs.
Speaking from CSI headquarters in the Hague, Devrol Dupigny, Chief Executive Officer (Ag.) of Crime Stoppers International, said that the organisation looked forward to formalising relationships with several key organisations for an improved response to cybercrime.
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About Crime Stoppers International
Crime Stoppers International (CSI) is a global partner that promotes the empowerment of individuals to report crime anonymously. With its Global Secretariat located in the Hague, Netherlands, CSI maintains a cooperation agreement with INTERPOL and the United Nations Office on Drugs and Crime.