Fighting cybercrime: Luxembourg on the front line
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Justice Minister Elisabeth Margue and Finance Minister Gilles Roth submitted a response to a parliamentary enquiry on cybercrime. Modern technologies, including Crime-as-a-Service (CaaS), allow even untrained attackers to use sophisticated tools for fraud and money laundering.
Among the key risks to Luxembourg's financial sector are:
- Forged documents that are indistinguishable from the originals are used for fraud and money laundering.
- Abuse of remote interaction technologies (e.g., online account opening), which is circumvented without due diligence.
- Financial "mules" that help hide illicit proceeds.
At the international level, Luxembourg actively participates in the framework of the Budapest Convention and implements measures from the EU e-evidence package. At the national level, efforts are focussed on controlling remote collaboration solutions and preventing abuse.
Particular attention is paid to the oversight of the use of technology in the financial sector. Companies are required to notify authorities when these tasks are outsourced to third-party vendors.
Initiatives and programmes
- Luxembourg is involved in projects for a European digital identity card.
- Programmes such as BEE SECURE aim to educate the public on the safe use of digital technologies.
The government continues to strengthen resources to combat cyber threats by providing material and personnel support to law enforcement agencies.
