Cybercrime Outpaces Traditional Crime in UK
Posted by: Timothy Weaver on 11/10/2016 07:23 AM
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Money mules for the Dridex and Dyre malware criminals were arrested by British authorities.
Fourteen individuals, thirteen men and one woman, were rounded up by police as suspects in the money laundering racket. The suspects are aged between 23 and 52 and are believed to have helped launder $13.6 million across several years.
The mules are thought to have advertised their services on the dark web. The malware creators hire these individuals to transfer funds from the stolen accounts to those controlled by the crooks. The mules keep a percentage of the funds.
The operation of the sting included 160 officers and raided 13 locations where they seized cash, computers, smartphones, and false identity documents which were thought to be used to launder the money.
A startling aspect of the crimes is that for the first time in UK history, cybercrime has surpassed traditional crime in the UK.
Source: BleepingComputer
Fourteen individuals, thirteen men and one woman, were rounded up by police as suspects in the money laundering racket. The suspects are aged between 23 and 52 and are believed to have helped launder $13.6 million across several years.The mules are thought to have advertised their services on the dark web. The malware creators hire these individuals to transfer funds from the stolen accounts to those controlled by the crooks. The mules keep a percentage of the funds.
The operation of the sting included 160 officers and raided 13 locations where they seized cash, computers, smartphones, and false identity documents which were thought to be used to launder the money.
A startling aspect of the crimes is that for the first time in UK history, cybercrime has surpassed traditional crime in the UK.
Source: BleepingComputer
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