Cybercriminals are using a massive network of hired mules in India and an Android-based money transfer application to launder illicit proceeds, researchers have found. According to an investigation by the Singapore-based cybersecurity company CloudSEK, the money mules — who are recruited to receive and then quickly transfer funds to obscure their origin — are managed […]
Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is a “key tool for onboarding and managing these money mules,” CloudSEK researchers Sparsh Kulshrestha, Abhishek Mathew, and Santripti Bhujel said in a report. Details about the scam […]