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created at

2025-11-17 00:00:47

updated at

2025-11-17 00:00:48

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Content

title

AML & Cybercrime

excerpt

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We took a deep dive into why AML is such an important line of defence businesses can take to protect themselves and society from cybercrime.The allure of money laundering for cyber criminals (yes, crypto features strongly.In early May 2021, US’s biggest fuel pipeline operator, Colonial Pipeline was forced to shut down as it was hit by ransomware. A few months earlier, a small family-owned publisher was under attack with a $US1.75m ransom being demanded. In exchange they’d get their website back and the criminals wouldn’t release false allegations of seized publishing data being used to create fake IDs and allowing paedophiles to enter schools. And just a few weeks ago, Germany’s fuel-distribution system was also attacked. Each of these are just a few examples in a long list of attacks executed by ‘ransomware-as-a-service’ provider DarkSide. In the months leading up to the attacks, communications, surfaced by The New York Times, revealed a criminal operation on the rise, raking in mi...

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1767538672

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