The seizure wasn't just performed in cyberspace, too. Europol says that the operation included multiple arrests, house searches, and "knock-and-talk" interventions. The entire collective performed 100 policing actions targeting 37 of the most prolific users on the platform. Participating countries included the United States, eight member-states of Europol, as well as Australia, Canada, Malaysia, the UK, and Kosovo.
Cybercrime as a whole is accelerating, and the $10.5 trillion estimate for the 2025 cost is a staggering figure, ranking #3 in the world economy by GDP if it were considered a country, right behind the United States and China. Efforts by authorities around the globe are likewise speeding up , but they're playing a whack-a-mole game that's only likely to get harder by the day as AI attack automation becomes commonplace.
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Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/cyber-security/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/cyber-security/doj-europol-and-others-bring-down-leakbase-cybercrime-site-of-142-000-member-multiple-arrests-made-seized-website-reportedly-among-worlds-largest-hacker-forums#main
- https://www.tomshardware.com
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