PanamaTimes

Friday, Apr 26, 2024

EU Releases 2021 Serious Organized Crime Threat Assessment

EU Releases 2021 Serious Organized Crime Threat Assessment

The European Union released on Monday a detailed report it publishes every four years outlining current and future threats serious and organized crime can pose to the EU, according to a press release.
This year’s EU Serious Organized Crime Threat Assessment 2021, or SOCTA, discussed the adaptability of criminals, especially within the framework of the COVID-19 pandemic which saw crime figures and groups shift their operations to cope with the changing landscape of the EU noting in particular a surge in malware and cyber attacks.

“While some criminal activities will or have returned to their pre-pandemic state, others will be fundamentally changed by the COVID-19 pandemic,” the report said.

This adaptability, along with complex and fluid networks of organized criminal groups, and sophisticated support systems often involving legal business structures, and corruption make policing organized crime in the EU difficult.

“The experience of law enforcement authorities have shown that even successful and far-reaching disruption of criminal networks has little long-term consequence for the overall activities of organised crime,” the report said.

“Like the Hydra of Greek mythology, removing one head does not kill the monster.”

Trade in illegal drugs continues to “dominate” the world of organized crime in the EU accounting for a large portion of criminal profits, money laundering and violence linked to organized crime, according to SOCTA. The report specifically mentioned cocaine trafficking which it said was being transported into the EU from Latin America in “unprecedented quantities” as well as the cannabis trade and synthetic drug trade.

The impact of COVID-19 on organized crime has been extensive and is predicted to continue with the anticipated economic recession, according to SOCTA. The pandemic has created new opportunities for criminals in the online space and in fraud and counterfeit goods that are in high demand like PPE.

With the possibility of a large economic recession looming, SOCTA warned of more opportunities for criminals to exploit those who are struggling to recover.

“It is likely that criminals will exploit vulnerabilities in the economy to infiltrate legal businesses in order to facilitate their criminal activities,” the report said. “This may entail loaning funds to struggling businesses and making them dependent on criminal financiers or directly buying up companies in financial difficulties.”

Of particular concern is the rise and availability of cybercrime. With the technological advancements available to the masses, the presence of crime as a service models and access to online criminal resources, the threshold for committing cyber crime is low and easily accessible.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×