Collaborate Disseminate
The Dutch police arrested four suspects on Tuesday on suspicion of money laundering and involvement in selling custom encrypted BlackBerry and Android smartphones to criminals.
The Dutch National High Tech Crime Unit (NHTCU), dedicated team within the… Continue reading Dutch Police Seize Another Company that Sells PGP-Encrypted Blackberry Phones
Victims of whaling attack not named, but it’s not the first time a big multinational has been targeted, and it won’t be the last Continue reading Man charged with $100m ‘whaling’ attack on two US tech giants
Ricardo Hill was accused of running a bitcoin exchange that laundered ransomware scam money, including that flowing from the JPMorgan breach. Continue reading Florida man charged in JPMorgan hacking probe
Part of the $81 Million stolen from Bangladesh bank’s New York Federal Reserve account earlier this year in the wake of the major malware attack on the SWIFT interbank transfer network has been tracked down to a casino in the Philippines.
SWIFT, or So… Continue reading SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino
Part of the $81 Million stolen from Bangladesh bank’s New York Federal Reserve account earlier this year in the wake of the major malware attack on the SWIFT interbank transfer network has been tracked down to a casino in the Philippines.
SWIFT, or So… Continue reading SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino
They used the IRS’s ‘Get Transcript’ service to get personal information on people and use it to file bogus returns in their names. Continue reading Couple “driven by greed and a fast buck” jailed for $1.5m IRS scam
It was available to anybody who knew where to look, with no credentials needed to access it. Continue reading Database of 2.2m suspected terrorists, money launderers leaked online
Bitcoin offers the tantalizing prospect of hiding untaxed income from the government without relying on foreign financial institutions or your mattress Continue reading Bitcoin Might Make Tax Havens Obsolete
Cybercriminals often leverage time-tested methods of money laundering to stay undetected and move stolen funds across secret accounts.
The post It All Comes Out in the Wash: The Most Popular Money Laundering Methods in Cybercrime appeared first on Security Intelligence.
In Brief
Arthur Budovsky, co-founder of popular digital currency business ‘Liberty Reserve’, was sentenced Friday to 20 years in prison for running a money laundering scheme for hackers, identity thieves, child pornographers and drug dealers around the… Continue reading Founder of ‘Liberty Reserve’ Sentenced to 20 years in Prison