How are cybercriminals using mule accounts for illegal payment gateways
Explore the methods employed by cybercriminals, as highlighted by the Ministry of Home Affairs, in setting up illegal payment gateways using mule accounts.
The Ministry of Home Affairs has highlighted several methods used by cybercriminals in setting up illegal payment gateways using mule accounts:
- Cybercriminals recruit individuals as mules to receive and transfer money on their behalf, making the transactions harder to trace.
- Mules are often unaware that they are participating in illegal activities, as they are promised easy money or told they are assisting in legitimate transactions.
- Criminals may use fake businesses or websites to provide a facade of legitimacy to the transactions.
- Mules are often instructed to open bank accounts in different countries to further complicate tracking efforts.
- These illegal payment gateways are typically used for money laundering, fraud, and other criminal activities.
Answered
6 months ago