'Money Mules': The Hidden Side of Phishing

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. 'Money Mules': The Hidden Side of Phishing

Linked by shanmuga Monday, 16th October 2006 10:25PM