Financial

Fraudsters are innovating constantly to commit new types of cybercrime, but they also need to create mechanisms to move their ill-gotten gains into cash in hand. This is where mule accounts come in.

https://securityintelligence.com/how-cybercriminals-use-money-mule-accounts-to-profit-from-online-fraud/

Illegal money lender sentenced to three and a half years imprisonment by a Judge in Southwark Crown Court after guilty verdicts for offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000.

https://www.fca.org.uk/news/press-releases/convicted-illegal-money-lender-sentenced-three-and-half-years-imprisonment

Five men who helped launder more than £1.2m stolen by cold-callers who phoned BBC reporter Shari Vahl have been sentenced.

http://www.bbc.co.uk/news/business-43002870

Fraudsters claiming to be from the Ombudsman are cold-calling victims and telling them they have a cheque for a large amount of money from a compensation claim.

https://actionfraud.police.uk/news/fraudsters-pose-as-financial-ombudsman-service-staff-with-fake-compensation-feb18

Student reveals how other students are becoming money mules

http://www.thisismoney.co.uk/money/beatthescammers/article-5359931/How-university-students-targeted-money-mules.html

Fraudsters offering investments in binary options, contracts for difference (CFDs), forex and cryptocurrencies (such as Bitcoin) often promote themselves online and via social media channels, such as Facebook, Instagram and Twitter.

https://actionfraud.police.uk/news/investors-lose-over-87k-a-day-to-binary-options-fraud-jan18

People are being warned to watch out for investment fraudsters approaching them online and via social media.

https://uk.finance.yahoo.com/news/investment-fraud-warning-issued-financial-000100288.html

Fraudsters claiming to be from the Ombudsman are cold-calling victims and telling them they have a cheque for a large amount of money from a compensation claim.

https://www.actionfraud.police.uk/news/fraudsters-pose-as-financial-ombudsman-service-staff-with-fake-compensation-feb18

Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report

https://uk.reuters.com/article/us-cryptocurrency-cybercrime/cybercriminals-target-booming-cryptocurrencies-report-idUKKBN1FL5Q7

Social network blocks initial coin offering ads as they are ‘frequently associated with misleading or deceptive promotional practices’

https://www.theguardian.com/technology/2018/jan/31/facebook-bans-ads-cryptocurrencies-scams