‘White Label’ Money Laundering Services

4th August 2014
 
Laundering the spoils from cybercrime can be a dicey affair, fraught with unreliable middlemen and dodgy, high-priced services that take a huge cut of the action. But large-scale cybercrime operations can avoid these snares and become much more profitable when they’re able to disguise their operations as legitimate businesses operating in the United States, and increasingly they are doing just that.
 
http://krebsonsecurity.com/wp-content/uploads/2014/08/CashoutProcess-285x218.pngThe typical process of “cashing out” stolen credit card accounts.
 
Today’s post looks at one such evolution in a type of service marketed to cybercrooks that has traditionally been perhaps the most common way that thieves overseas “cash out” cybercrimes committed against American and European businesses, banks and consumers: The reshipping of goods purchased through stolen credit cards.
 
Full Article