Jul 31, 2026 · 46 min · 14 segments
Fraud schemes represent the fastest-growing area of organised crime. Online fraud schemes (OFS) networks target both individuals and organisations, operating as highly efficient and transnational…
Good.
Thanks for that overview.
That was great.
Uh, so let's set the scene a little before we dive in.
Uh, the IOCTA findings this year, they flag online fraud schemes as a generally fast-growing threat and not the kind of fraud that most people still picture.
It's not some loan scammer sending a suspicious email anymore.
What we're talking about today are highly organized transnational networks, uh, running logistical and technical and financial operations at scale, and increasingly targeting both individuals and organizations directly.
So Jorge, when we say this is one of the fastest growing areas of organized crime, how fast are we actually talking? Is this a gradual shift, or has something recently changed that's accelerated it?
This is something that is, uh, growing a lot and in a certain speed, but it's not something that happened from one day to another.
It's an evolution that we have observed during the last years, and the reason for that, uh, could be many.
Uh, probably, uh, organized, uh, criminal groups are seeing the opportunity that this, uh, global world and the, as you say, all the infrastructure behind of the online fraud schemes can provide them is, uh, it could be a very profitable, uh, criminal activity for them, probably less risky than, uh, traditional criminal activity.
Even when they are, uh, identified or prosecuted, the, the sentences that they have to face probably in many cases about some perceptions are lower than in other criminal activity.
So there are many aspects that i- is making, uh, criminal groups move into this, uh, criminal activity.
Mm, absolutely.
So today you're going to walk us through how these networks actually operate, right? So what's changed recently and what this growing threat means for both the people who end up targeted and for the organizations trying to defend it, um, to defend against it, sorry.
[upbeat music] So, uh, Jorge, where do you want to start? What's the first thing people need to understand about how these networks operate?
Good.
Thanks for that overview.
That was great.
Uh, so let's set the scene a little before we dive in.
Uh, the IOCTA findings this year, they flag online fraud schemes as a generally fast-growing threat and not the kind of fraud that most people still picture.
It's not some loan scammer sending a suspicious email anymore.
What we're talking about today are highly organized transnational networks, uh, running logistical and technical and financial operations at scale, and increasingly targeting both individuals and organizations directly.
So Jorge, when we say this is one of the fastest growing areas of organized crime, how fast are we actually talking? Is this a gradual shift, or has something recently changed that's accelerated it?
This is something that is, uh, growing a lot and in a certain speed, but it's not something that happened from one day to another.
It's an evolution that we have observed during the last years, and the reason for that, uh, could be many.
Uh, probably, uh, organized, uh, criminal groups are seeing the opportunity that this, uh, global world and the, as you say, all the infrastructure behind of the online fraud schemes can provide them is, uh, it could be a very profitable, uh, criminal activity for them, probably less risky than, uh, traditional criminal activity.
Even when they are, uh, identified or prosecuted, the, the sentences that they have to face probably in many cases about some perceptions are lower than in other criminal activity.
So there are many aspects that i- is making, uh, criminal groups move into this, uh, criminal activity.
Mm, absolutely.
So today you're going to walk us through how these networks actually operate, right? So what's changed recently and what this growing threat means for both the people who end up targeted and for the organizations trying to defend it, um, to defend against it, sorry.
[upbeat music] So, uh, Jorge, where do you want to start? What's the first thing people need to understand about how these networks operate?
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