FBI Promises Action Against Money Mules
Summary: The FBI's acting chief of its cyber criminal section, Patrick Carney, said at an FDIC symposium in Arlington, Va. that the agency plans a law enforcement action against money mules, the individuals who launder funds stolen through online banking fraud. Carney said mules are an integral part of an international crime wave costing U.S. banks and companies hundreds of millions of dollars, and that prosecutions are intended to signal that the activity is illegal.
Key Takeaway: Recruits are drawn in through fake work-at-home 'financial agent' jobs posted via sites like Careerbuilder.com and Monster.com, then asked to deposit checks, wires or ACH payments and forward the money overseas for a commission of about 8 percent, minus wiring fees. Krebs, who says he interviewed more than 150 mules, notes most get a single transfer before they are fired.
Read the original at Krebs on Security ↗
- Topics
- Cybercrime & Law Enforcement
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