“Law enforcement action against cybercrime is of critical importance,” he added. “Without some level of deterrence, and given the upside from a financial [perspective] and other motives, cybercrime would have been much more prevalent and impactful.
“With that said, cybercrime is still a multibillion dollar market, and law enforcement suffers from limited resources and proper ongoing training. Some countries, such as the US, are far ahead of others from a sophistication and effectiveness perspective … Law enforcement is effective, partially, and in very specific areas of cybercrime, and in other areas, the effectiveness is still a work in progress.”
Some threat actors have great IT expertise, he added, and are taking advantage of AI. “Therefore, I believe law enforcement is achieving great impact in reducing cybercrime while also fighting an uphill battle.”