Dutch police nags money mules
By Jerome Saiz, Thu, December 20th, 2007
The dutch police arrested 14 money mules involved in money laundering.
Twelve men and two women were arrested by the dutch police on money laundering charges. All were ABN Amro customers and lent their bank account to host stolen money from other ABN Amro customers. Then they had to wire it to Russia and Ukraine. Those "mules" were recruited on the Internet and remunerated for that service.
Mules play an important role in cybercrime, allowing hackers to turn stolen virtual money into safe & real money. While many are aware they are doing something illegal, some actually believe they are performing a legitimate task after having been "hired" by a finance business (hackers even create fake websites to recruit mules).
A French police official once confirmed to SecurityNewsletter.com they arrest on average one such mule per month.
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