Feeds

UK cybercops cuff big phish

Man suspected of credit card scam and stashing online crime cash

Using blade systems to cut costs and sharpen efficiencies

UK police arrested a suspected counterfeit credit card manufacturer in east London on Monday.

Investigators reckon the 34-year-old man organised money "mules" to open drop accounts that received the proceeds of online crime, such as phishing. Police from the Scotland Yard-based Police Central e-crime Unit (PCeU) also found equipment capable of manufacturing payment cards and blank mag strip cards when they raided the suspect's house in East Ham.

Detective Inspector Paul Hoare of the PCeU said: "Money mules are one of the key enablers for all types of fiscal fraud and internet-based crime in particular.

"This arrest reinforces our commitment to combating suspected money 'muling' in both London and across the UK. Individuals tempted by advertised job opportunities moving money using their bank accounts should not get involved as they could be taking part in wider organised money laundering crime," he added.

The arrest (police statement here) coincided with the start of National Identity Fraud Prevention Week, which aims to educate consumers on the steps they can take to minimise their risk of suffering the inconvenience of becoming a victim of identity theft. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
NEW, SINISTER web tracking tech fingerprints your computer by making it draw
Have you been on YouPorn lately, perhaps? White House website?
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Black Hat anti-Tor talk smashed by lawyers' wrecking ball
Unmasking hidden users is too hot for Carnegie-Mellon
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Own a Cisco modem or wireless gateway? It might be owned by someone else, too
Remote code exec in HTTP server hands kit to bad guys
British data cops: We need greater powers and more money
You want data butt kicking, we need bigger boots - ICO
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.