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Thieves Replacing Money Mules With Prepaid Cards?
Recent ebanking heists — such as a $121,000 online robbery at a New York fuel supplier last month — suggest that cyber thieves increasingly are cashing out by sending victim funds to prepaid debit...
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Help Kickstart a Film on Cybercrime
A deep sense of doubt and dread began to sink in halfway through our journey down a long, lonely desert highway from just outside Austin to coastal Texas. We were racing against the clock (we’d just...
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Spy Software Aims to Corral Money Mules
Borrowing from the playbook of corporations seeking better ways to track employee productivity, some cybercriminal gangs are investing in technologies that help them keep closer tabs on their most...
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MoneyGram Fined $100 Million for Wire Fraud
A week ago Friday, the U.S. Justice Department announced that MoneyGram International had agreed to pay a $100 million fine and admit to criminally aiding and abetting wire fraud and failing to...
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Online Service Offers Bank Robbers for Hire
An online service boldly advertised in the cyber underground lets miscreants hire accomplices in several major U.S. cities to help empty bank accounts, steal tax refunds and intercept fraudulent...
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With Stolen Cards, Fraudsters Shop to Drop
A time-honored method of extracting cash from stolen credit cards involves “reshipping” scams, which manage the purchase, reshipment and resale of carded consumer goods from America to Eastern Europe —...
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‘Money Mule’ Gangs Turn to Bitcoin ATMs
Fraudsters who hack corporate bank accounts typically launder stolen funds by making deposits from the hacked company into accounts owned by “money mules,” willing or unwitting dupes recruited through...
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Inside ‘Evil Corp,’ a $100M Cybercrime Menace
The U.S. Justice Department this month offered a $5 million bounty for information leading to the arrest and conviction of a Russian man indicted for allegedly orchestrating a vast, international...
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How Cybercriminals are Weathering COVID-19
In many ways, the COVID-19 pandemic has been a boon to cybercriminals: With unprecedented numbers of people working from home and anxious for news about the virus outbreak, it’s hard to imagine a more...
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U.S. Secret Service: “Massive Fraud” Against State Unemployment Insurance...
A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses in the hundreds of...
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