FDIC to Banks: Watch for ‘Money Mules’ Duped by Hackers
Bank customers are increasingly being duped into acting as “money mules” for hackers, unwittingly laundering cash stolen from business bank accounts, the Federal Deposit Insurance Corporation warned the nation’s financial institutions on Thursday. Using specialized Trojan horse malware , cyber crooks have been intercepting web banking credentials from the computers of small and midsized businesses, and then initiating wire transfers to mules around the country. The mules are consumers who’ve been lured into fake work-at-home scams, in which their employment involves receiving money transfers and then forwarding the funds to Eastern Europe, directly or through other mules.
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FDIC to Banks: Watch for ‘Money Mules’ Duped by Hackers
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