Cyber Risks · Krebs on Security

Online Service Offers Bank Robbers for Hire

Summary: An online service advertised on Russian-language cybercrime forums offers complicit money mules for hire in California, Florida, Illinois and New York to help launder funds from cyberheists and tax fraud. The operators say they take 40-45 percent of stolen value, move $30,000 to $100,000 per day for clients, and give buyers a remote panel login to monitor their operations.

What's compelling: The service cashes out hacked business accounts via fraudulent wire and ACH transfers, counterfeit debit cards from ATM skimmers, and phony tax refunds - a fraud the IRS says cost taxpayers $5.2 billion last year.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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