Executive Summary

Identity-related cybercrime remains the top choice for cyber criminals because of its high profitability, relatively low risk, and allowance for a low degree of expertise; of the different types of cybercrime, Ransomware-as-a-service (RaaS) is surging to the top of the contender’s list. RaaS is a business model that lets criminals sell or buy ransomware tools, and also it is proliferating in the darknet underground. Meanwhile, AI enhances all forms of cybercrime by creating a lower barrier of entry for sophisticated attacks, such as auditory and visual deepfakes.

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