Collaborate Disseminate
By Uzair Amir
BestMixer.io was among the three largest cryptocurrency mixing services launched in May 2018. Europol in collaboration with the Dutch Fiscal Information and Investigative Service (FIOD), Luxembourg has shut down a well-known and one of th… Continue reading Crypto tumbler BestMixer.io seized for large-scale money laundering
Crooks have developed “ingenious” new ways to drain user accounts and wallets, CipherTrace says, prodding regulators into action. Continue reading Cryptocoin theft, scam and fraud could total more than $1.2b in Q1
International telecommunications fraud — a broad category that includes everything from consumer scams to corporate ripoffs — costs over €29 billion (roughly $33 billion) per year, according to a report published Thursday by Europol and Trend Micro. The fraud isn’t just costly, it’s also endlessly frustrating for the companies and for law enforcement, the report’s authors say. The illicit activities range from tricking individuals into divulging their personal information to perpetrating international revenue share fraud — a complex scheme inspired in part by traditional money laundering techniques. “Geopolitically, most telecom crime tends to be addressed by the telecom companies themselves,” the report states. “The costs are absorbed as the cost of doing business. This creates a kind of isolation, however. Without thorough cross-border intelligence sharing and intelligence fusion with law enforcement, the source, investigative method, and evidence cannot be connected in a way that results in a meaningful number of arrests […]
The post Astronomical costs, geopolitical headaches: Telecom fraud is too big to ignore, report says appeared first on CyberScoop.
They posed as military needing to offload cars before deployment, allegedly posting bogus ads on Craigslist, eBay, and AutoTrader. Continue reading Secret Service busts online car sales crime ring
Young people are being talked into handing over their bank details with the promise of some easy cash. Continue reading Get-rich-quick social media scams are turning teens into money mules
I’ve recently intercepted a currently circulating malicious and fraudulent spam campaign successfully impersonating “Able Express Courier Service” to utilize a re-shipping mule recruitment scam potentially targeting tens of thousands of unsuspecting us… Continue reading Historical OSINT – Able Express Courier Service Re-Shipping Mule Recruitment Scam Spotted in the Wild
Continuing the series of post detailing the activities of currently circulating malicious and fraudulent spam campaigns successfully targeting potential money mule recruiters I’ve recently came across to Global Postal Express which basically:
The time has come to profile a recently intercepted and currently active malicious and fraudulent re-shipping money mule recruitment fraudulent campaign successfully enticing users into interacting with the rogue and bogus content potentially risk-forw… Continue reading Historical OSINT – Re-Shipping Money Mule Recruitment “Your Shipping Panel LLC” Scam Domain Portfolio Spotted in the Wild
Bitcoin’s legendary ascension to the $20,000 mark a little more than a year ago inspired legions of fast-buck makers to hop on the bandwagon and invest in this intriguing yet volatile asset. Mining cryptocurrency worked for a while, but it is no … Continue reading Thieves stole $1.7 billion in cryptocurrency in 2018 as mining gives way to stealing in crypto space
Many cybercrime investigators seem narrowly focused on the bits and bytes of the crimes they investigate while not truly understanding or interacting with those who focus on where the money goes. As we’ve been expanding our horizons, I’ve learne… Continue reading Money Laundering and Counter-Terrorist Financing: What is FATF?