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Tag: MONEYLAUNDERING

Court Busts Hacker Over $100,000-Stealing Trojan Horse

A man used hacking software to steal more than $100,000 from banking and brokerage accounts over a six-month period in 2007, according to Macworld. Alexey Mineev recently plead guilty to one count of money laundering in U.S. District Court. Mineev stole account numbers and passwords from users with a Trojan horse, which can pose as anything from a security patch to a screensaver. Then, he wired ...

Bad Economy Good for Online Scammers

The worsening economy hasn't been doom and gloom for every industry -- Internet scammers have had a much easier time picking off prey and enlisting virtual "mules" to launder their ill-gotten funds. The money laundering scams aren't new, but David Marcus, directory of security research and communications at McAfee Inc, tells the AP that people struggling with finances and potential unemployment ...