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Europe — Who is using your job board for fraud?

26 August 2009

A financial security organisation has sent out an alert to its members about a sharp rise in attacks on Small and Medium Sized business using money 'mules' recruited on internet job boards

The mules recruited on internet job boards are told that they are processing legitimate payments. They accept the stolen funds and forward on a percentage to other bank accounts controlled by the criminals. Individuals posting their CV's in both the US and UK have been targeted.

The warning sent to members of the Financial Services Information Sharing and Analysis Centre, an industry group created to share data about critical threats to the financial sector stated that "Eastern European organised crime groups are believed to be predominantly responsible for the activities that are employing witting and unwitting accomplices … to receive cash and forward payments from thousands to millions of dollars to overseas locations via popular money and wire transfer services."

The thieves target the controller of a particular small business with a malware-loaded email which then steals the passwords to the company's bank accounts.


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