money mules

September 29, 2016

‘Money Mule’ Gangs Turn to Bitcoin ATMs

This post was originally published on this siteFraudsters 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 work-at-home job scams. The mules usually are then asked to withdraw the funds in cash and wire the money to the scammers. Increasingly, however, the mules are being instructed to remit the stolen money via Bitcoin ATMs. [embedded content] I recently heard from a reader in Canada who said she’d recently accepted a job as a customer service officer for a company called LunarBay. This company […]
December 16, 2019

Inside ‘Evil Corp,’ a $100M Cybercrime Menace

This post was originally published on this siteThe 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 cybercrime network that called itself “Evil Corp” and stole roughly $100 million from businesses and consumers. As it happens, for several years KrebsOnSecurity closely monitored the day-to-day communications and activities of the accused and his accomplices. What follows is an insider’s look at the back-end operations of this gang. Image: FBI The $5 million reward is being offered for 32 year-old Maksim V. Yakubets, […]
April 30, 2020

How Cybercriminals are Weathering COVID-19

This post was originally published on this siteIn 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 target-rich environment for phishers, scammers and malware purveyors. In addition, many crooks are finding the outbreak has helped them better market their cybercriminal wares and services. But it’s not all good news: The Coronavirus also has driven up costs and disrupted key supply lines for many cybercriminals. Here’s a look at how they’re adjusting to these new realities. FUELED […]