Definition ∞ Cyber-enabled financial crime involves using digital technology to commit illicit financial acts. This category includes activities such as ransomware attacks, phishing scams, data breaches leading to financial fraud, and the use of cryptocurrencies for money laundering. These crimes leverage digital infrastructure to facilitate or execute financial transgressions. They pose substantial threats to individuals, businesses, and the broader financial system.
Context ∞ Reports on cyber-enabled financial crime are frequent in crypto news, often detailing large-scale hacks of exchanges or decentralized protocols. Law enforcement agencies globally are increasing efforts to track and recover stolen digital assets and prosecute perpetrators. The continuous evolution of security measures and regulatory frameworks aims to counter these persistent threats.
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