Understanding modern Internet risks means understanding how the money flows. This article describes how cyber criminals recruited bank customers to help them transfer money obtained through phishing attacks. Internet fraud involves not only the technical hackers and confidence artists, but also “mules” who carry the money.
Alleged Phishing ‘Mules’ Arrested – Desktop Security News Analysis – Dark Reading
Dutch authorities have arrested 14 ABN AMRO customers who allegedly let cybercriminals use their bank accounts to hide and transfer stolen money from other customers of the bank.
The 12 men and two women were paid for their “services” by the Russian and Ukrainian cybercriminals, but reportedly did not actually steal the information themselves. They instead acted as “mules,” storing and eventually transferring the stolen money overseas to Russia and other countries.