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Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Insurance Journal

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …

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AI Is Turbocharging Organized Crime, EU Police Agency Warns

Insurance Journal

The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …

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Markets/Coverages: Mosaic Offers Cyber/Financial Institutions Cover for Digital Assets

Insurance Journal

Mosaic Insurance, the Bermuda-based global specialty insurer, has entered the digital asset market, launching a combined cyber and financial institutions (FI) crime product that provides robust protection to the rapidly growing, yet historically underserved sector. The new modular product suite …

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Pennsylvania Digital Forgery Law Targets AI Scams and Financial Exploitation

Insurance Journal

A new Pennsylvania law intended to crack down on AI-powered fraud and financial crimes makes it a felony to use artificial intelligence to produce non-consensual “forged digital likenesses” like deepfakes or voice clones to injure, financially exploit, or scam people.

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Crypto Crime Spills Over From Behind the Screen to Real-Life Violence

Insurance Journal

A man says he was tortured for weeks in a New York townhouse. Another in Paris was held for ransom and his finger cut off. A couple in Connecticut were carjacked, beaten and thrown into a van. All, authorities allege, …

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Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

The Security Service said it’s conducting a preliminary investigation into the crime … Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.

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Former Baltimore County Insurance Agent Charged With Crimes for 4th Time

Insurance Journal

In the fourth set of criminal charges filed against him since last September, a former Baltimore County insurance agent and financial advisor has been charged with obstruction of justice and fabricating physical evidence, Maryland Attorney General Anthony G. Brown reported.