Technology

FBI investigates cyber ‘money mules’

Learn more in today\'s cybersecurity update.

Federal News Network Staff

May 13, 2010 4:45 pm

< a min read

Cybersecurity Update – Tune in weekdays at 30 minutes past the hour for the latest cybersecurity news on “>The Daily Debrief with Chris Dorobek and Amy Morris (3-7 p.m.). Wall Street Journal reports that the FBI is targeting the “money mules” who receive transfers of stolen funds in their bank accounts. Criminals drain a bank account, transfer the stolen funds to a mule account, and make the transaction appear legitimate. The mule will then take the money out and send it to associates in Russia, Ukraine, or other countries. The prosecution is part of a yearlong effort to crack down on cyber crime, and the FBI hopes to raise public awareness and dissuade people from becoming mules. The FBI is working on more than 250 cases, involving attempts to steal hundreds of millions of dollars.