The European Union Agency for Law Enforcement Cooperation (Europol) has revealed in its annual analysis of the latest cyber threats in the European Union that the number of artificial intelligence-driven cybercrimes is expected to rise. Europol, in its Internet Organized Crime Threat Assessment 2024 (IOCTA), points out how artificial intelligence tools enable non-technical people to plan sophisticated online crimes. Artificial intelligence-generated deepfakes and false advertising are widely used by bad actors worldwide to target potential victims. The emergence of these tools is actively lowering the barriers to entry for cybercrime. Europol therefore sees a need to equip itself with tools to combat technology abuse and protect the European Union financial system.