Cybercrime Profits Total Nearly $200 Billion Each Year, Study Reveals
Illegal cybercrime profits total at least $80 billion and as much as $200 billion each year, an academic study into cybercriminals' money laundering schemes revealed.
It All Comes Out in the Wash: The Most Popular Money Laundering Methods in Cybercrime
Cybercriminals often leverage time-tested methods of money laundering to stay undetected and move stolen funds across secret accounts.
Operation Fashion Police: Regulators Focus on Fight Against Money Laundering in Los Angeles
A recent geographic targeting order enforced in the L.A. Fashion District is aimed at assisting in the fight against money laundering.
Funding Terrorists: The Rise of ISIS
The Islamic State of Iraq and Syria (ISIS) has generated revenue from each territory it conquers through methods such as donations, extortion and ransoms.
The Most Common Schemes for Targeting the Unknowing Money Mule
Fraudsters are using money mule scams to get unknowing, vulnerable individuals to unwittingly transfer illegally acquired funds for the criminals.
Money Mule Targets: The Extremely Gullible and Financially Distressed
A money mule is an important element in the process to cash out compromised financial accounts and can be either wittingly or unwittingly involved.
Bitcoin Exchange in China: ‘Gameover?’
As the mainstream media continues to cover bitcoin exchange as a popular Web currency, cyber criminals are increasingly doing the same to launder money.