RE: 'Money Mules': The Hidden Side of Phishing

[Blanchard_Michael () emc com]

 Interesting, I've received some of those spam messages for "help" with receiving funds then sending funds (minus a 
percentage skimmed off the top for services rendered).  I always figured they were a 419 type of scam....  I suppose 
money laundering is even worse, but at least you actually get paid for doing it.  The federal jail time kinda still 
would be a HUGE reason not to participate though!


Michael P. Blanchard 
Antivirus / Security Engineer, CISSP, GCIH, CCSA-NGX, MCSE
Office of Information Security & Risk Management 
EMC ² Corporation 
4400 Computer Dr. 
Westboro, MA 01580 


-----Original Message-----
From: funsec-bounces () linuxbox org [mailto:funsec-bounces () linuxbox org] On Behalf Of Fergie
Sent: Monday, October 16, 2006 5:52 PM
To: funsec () linuxbox org
Subject: [funsec] 'Money Mules': The Hidden Side of Phishing

Via eWeek.

[snip]

The dramatic rise in phishing and identity theft attacks includes a
well-organized offline component-the not-so-innocent "money mule"
recruited by fraudsters to launder stolen money across the globe.

The ads appear innocently on all the major employment listing sites,
offering stay-at-home positions titled "shipping manager," "private
financial receiver" or "sales representative."

These, however, are active attempts at enlisting people-mostly in the
United States, the United Kingdom and Australia-to transfer illegal
funds from credit card thieves operating out of the former Soviet
Union, according to an investigation by VeriSign's iDefense security
research outfit.

[snip]

More:
http://www.eweek.com/article2/0,1759,2029953,00.asp

- ferg


--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/


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