Cyber criminals are selling stolen money in to bitcoin (BTC). The hackers transfer the money to a bank account of your choice. According to a report by cyber security firm Armor.
For the money it is sold for less than its market value. Sometimes it will accept one payment, which is 90% lower than the amount that will be paid to you. This is because it is not easy to do anything with the stolen money. Especially if it is digital. However, there is a market for people who stole the money, but want to get paid.
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Hack and money
”There are plenty of hackers who have stolen funds and transfer the money to a bank account, credit card, PayPal or Western Union as a transaction to do it,” says the report of the Armor. According to security experts, this is a relatively new service in the dark alleys of the internet.
A rekenvoorbeeldje: the seller, the seller will accept is €800 in bitcoin, as the client, of $ 10,000 is received. So this is a bargain as to the origin of the money doesn’t matter. This is the case for some of the criminals which is a lot easier than the older ways of doing this. As a customer, you don’t have to be a hacking and stolen bank account details to be used.
Money laundering
According to Amor, this is one of the easiest ways to launder money, at this point in time. The hackers are themselves at low risk, and the money goes directly to the customer. The buyer is the one who is most in danger of being caught.
This mechanism explains the low price, and at the same time, also the reason why the hackers are here and on the car.
Bitcoin
Also a highlight of the report is that BTC is all that the clock strikes for ‘the dark web’ deals’. There is also a small market where the projects are, with some additional privacy features that can be used. But even here, it seems bitcoin is the cryptomunt of your choice.
The new Bitcoin News on: Bitcoin, and the Lightning Network, as well as the measures taken by The Bank
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