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Interpol Says AI Is Supercharging Cybercrime, Not Rewriting It

Artificial intelligence is amplifying the reach, speed and credibility of cybercrime — but, according to Interpol, it is not fundamentally changing the playbook.

Artificial intelligence is giving criminals a more efficient way to commit familiar offenses such as scams and fraud, rather than creating an entirely new category of threat, according to Interpol.

Evolution, Not Revolution

AI is strengthening existing criminal techniques instead of replacing them, Bjorn R. Watne, Interpol’s global chief information security officer, told CNBC on the sidelines of Tech Week Singapore on Thursday.

Scam operators can now use AI to reach more victims at once, while advances in translation tools and digital identities are making fraudulent messages and interactions harder to distinguish from legitimate ones.

“It’s an evolution and not a revolution,” Watne said, adding that AI is primarily increasing the “speed and scale” of established tactics.

What Companies Should Protect First

As cyber threats become more sophisticated, Watne said companies should focus on protecting the assets that matter most to their operations.

That starts with identifying their “crown jewels” — the systems, data and infrastructure most critical to business continuity — and determining which adversaries would be most interested in targeting them.

From there, organizations can use threat intelligence to understand the methods and tools those actors rely on, then build defenses that are tailored to the risk.

“There is no need for everyone to try and protect against everything all at once when they’re not being targeted by it,” he said.

The right security posture, he added, depends on whether a company is facing opportunistic criminals or advanced persistent threat actors with more targeted objectives.

The Boardroom Gap In Cybersecurity

Watne also said many companies still struggle with a disconnect between executive leadership and cybersecurity strategy.

“There are still many industries where they haven’t realized that everyone today is an IT company,” he said.

Although cyber risk is rising on corporate risk registers, cybersecurity has not yet fully reached the boardroom in many organizations, Watne added.

Agentic AI Brings A New Category Of Risk

Watne said he is especially concerned about agentic AI — systems that can take actions on behalf of users — as the technology becomes more capable.

The risk, he warned, is no longer limited to an AI delivering inaccurate information. If an AI system begins making incorrect decisions or taking harmful actions in the physical world, the consequences could be far more serious.

“One thing is that an AI is feeding you the wrong information,” Watne said. “But when an AI is actually performing an action and it starts doing the wrong actions, especially in the physical domain, that can have consequences on bodily harm of humans.”

He pointed to the growing use of AI in cars and self-driving vehicles as a particularly sensitive area.

Why Trust Is The Real Vulnerability

Watne said those risks are compounded by the unusually high level of trust people place in technology compared with other sectors such as financial services.

In financial services, consumers tend to be more cautious and control-oriented, relying on safeguards such as PIN codes and staying alert to threats like card skimming. With technology, however, users often adopt new devices and applications quickly, without the same level of scrutiny.

“When it comes to technology, the trust level is through the roof,” Watne said, noting how readily people click through prompts and grant access to new tools.

As AI systems become more capable of acting on users’ behalf, he said that trust will require far greater scrutiny.

LVMH Revenue Rises, But China Weakness Continues To Weigh On Luxury Giant

A Softer Quarter Exposes The Limits Of Luxury’s Recovery

LVMH, the world’s largest luxury group and parent of Louis Vuitton, Dior, Celine and Hennessy, reported revenue of €18.5 billion in the three months to the end of September, underscoring both the scale of its business and the pressure building across parts of the luxury market.

The company’s revenue rose 1.2% year on year in the third quarter, following a 0.1% increase in the second quarter and a 5.9% decline in the first. The trajectory points to stabilization, but not yet to a convincing rebound.

Organic Growth Misses Expectations

Organic sales growth, which strips out currency effects and portfolio changes, slowed to 1% in the third quarter from 3% in the previous quarter. That result fell short of market expectations and reinforced concerns that the luxury cycle remains uneven.

For the first nine months of the year, LVMH generated sales of €57.1 billion, with organic growth of 2%.

In its statement, the company highlighted the breadth of its portfolio, saying that diversification continues to provide resilience in an uncertain geopolitical and economic environment. That remains one of LVMH’s defining strengths: when one category weakens, another can help offset the downturn.

China Remains The Key Pressure Point

LVMH said sales performed well in the United States, Europe and Japan, but conditions in China remained less favorable. That matters because the country has long been one of the most important growth engines for global luxury brands.

The fashion and leather goods division, LVMH’s most closely watched unit, saw organic sales fall 5% as weaker demand in China weighed on performance. Deutsche Bank said the decline was steeper than the roughly 2% drop expected by analysts.

The segment had delivered its first organic sales gain in two years in the previous quarter, making the latest retreat a notable setback.

Brand Equity Faces A Test In China

The quarter also highlighted the reputational risks facing global brands in China. Louis Vuitton drew criticism after suing local tea company Molly Tea over logo copying. Although the company won the case, the dispute sparked social media backlash and boycott calls, adding another layer of pressure to an already fragile environment.

For a company built on scarcity, aspiration and brand discipline, perception is an asset as valuable as inventory. In a market as digitally connected as China, that asset can shift quickly.

Mixed Performance Across The Portfolio

Not every division weakened. LVMH’s selective retailing business, which includes Sephora, posted an 8% organic sales increase. Watches and jewellery, along with wines and spirits, both recorded 6% organic gains.

That broad mix is precisely what has historically given LVMH an advantage over rivals: it can absorb softness in one category without relying on a single growth driver.

Analysts See A Longer Recovery Ahead

Deutsche Bank analysts said the results could lead to further cuts in earnings forecasts for the second half of 2026 and 2027. They added that it is difficult to see what could improve investor sentiment in the near term.

Still, the bank framed the weakness as cyclical rather than structural. In its view, recovery is taking longer because Chinese demand remains subdued, but the problem does not appear to reflect a permanent deterioration in the brand franchise. Analysts said ongoing brand initiatives are beginning to show results, though improvements are likely to remain gradual.

Investor Pressure Continues To Mount

LVMH’s share price has fallen nearly 40% since the start of the year. In September, L’Oréal overtook the group as France’s most valuable listed company, a symbolic shift that captures how sharply sentiment has changed.

Shares in LVMH were down more than 1.6% in Paris around 10 a.m. CEST following the release.

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