money mule

Industry Groups Bid To Control New .Bank And .Insurance TLDs

Two financial industry groups: The American Bankers Association (ABA) and the Financial Services Roundtable announced on Thursday that they have applied to the Internet Corporation for Assigned Names and Numbers (ICANN) to operate to top level Internet domains, .bank and .insurance, on behalf of the financial services industry.

The criminal underworld is an insular community shrouded in secrecy. That’s helped lend an air of
mystique to cyber crime. (See also: Bruce Willis in “Die Hard 4: Live Free or
Die Hard.”). But it turns out that, like so much else, real life cyber crime is… well… pretty dull.

Brian Krebs’ terrific reporting on the targeted malware attacks against small businesses in the U.S. continues today with a closer look at the way “money mules” operate and their roles in the cybercrime operation.
In this article, Krebs interviews a “money mule” and shows the layers of online job recruitment, the sign-up process that includes bank account details and the way money is siphoned from stolen bank accounts and wired to international locations.  This is a must read article []

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