‘White Label’ Money Laundering Services
Summary: Krebs on Security describes how cybercrime operations are disguising themselves as legitimate U.S. companies to resell stolen-card goods, citing LabelCity, a 'white label' service advertising USPS Priority Mail International shipping at corporate rates 15-20% below retail. The shift follows anecdotal forum reports that major shippers are intercepting more packages paid for with stolen cards, pushing crooks from 'black labels' toward white-label freight funded through phony U.S. businesses.
Bottom line: The reshipping step is where stolen cards become resellable goods, and electronics bought in the U.S. can sell for roughly twice the purchase price in countries like Russia and Ukraine - so a single blocked package is the difference between a fraud that pays out and one that doesn't.
Read the original at Krebs on Security ↗
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