Re:Laundering Money Online: A review of cybercriminals’ methods
by brazzy on Monday October 21, 2013 @07:43AM
(#6584791)
I wouldn't dismiss it that quickly.
The thing is, what criminal money laundering "is" can change drastically when new opportunities present themselves. It does need to scale, but if it can be reasonably automated (or delegated to low- or unpaid grunts, like the work-from-home scams), individual transaction size can be quite small, and that may even be preferable.
Re:Laundering Money Online: A review of cybercriminals’ methods
by jnand on Sunday October 20, 2013 @11:50PM
(#6583217)
yeah, I just now learned arxiv isn't peer reviewed. Considering magnitude helps with perspective.
However, is it far fetched to think illicit funds might finance the development of a virtual economy, in a mobile game perhaps, that could be used to launder money? Seems theres a need for fraud detection practices to extend into virtual economies as well.
Re:Laundering Money Online: A review of cybercriminals’ methods
by gizzlon on Monday October 21, 2013 @06:55AM
(#6584610)
However, is it far fetched to think illicit funds might finance the development of a virtual economy, in a mobile game perhaps, that could be used to launder money?
I don't think so.. The lure is that it can be fast and automated, and that using new technology will help avoiding the feds.
Money laundering is when several fake corporations established and begin transfering shitpiles of botnet and card money from Baltic states to "isles" to such an extent that whole countries are scared of opening accounts for "internet startups" after that.