Europol has released a report highlighting the imminent threats posed by artificial intelligence (AI) and cryptocurrency, predicting that fully autonomous AI could lead to AI-controlled criminal networks. The report indicates that the combination of AI and crypto will enhance online fraud, which is rapidly expanding in organized crime. Traditional crimes like drug trafficking and human smuggling are increasingly utilizing cryptocurrency for transactions. AI is already improving the efficiency of criminal operations through automating phishing campaigns, executing large-scale cyber-attacks, and creating deepfakes for online fraud. The report warns that as AI technologies evolve, their application in crime will expand, potentially automating criminal activities on an industrial scale. Amid these challenges, experts also note that law enforcement and the private sector could leverage AI to enhance their detection and prevention strategies against criminal activities.

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