Net fraud gang recruits students

That's a new one. Internet fraudster don't rely anymore on their own alone but in a sign of continuous learning, start adjusting their tactics. Before, we had the gang that went phishing after those that signed up for online education.

Now, even more daring, "Australian criminals with links to Russian and Malaysian crime figures had set up a network to lure students into accessing money illegally transferred from other people's accounts."

"The syndicates use Trojan virus programs delivered by spam email or through links on advertising pop-ups, to get people's internet banking details, the newspaper said.

Money is than transferred out of their accounts and into the money mule's account, who then withdraws it in sums of less than $10,000 from different bank branches."

But again, why do people click on spam? Spam nowadays can relatively easy, and most of the time be recognised as spam. There are campaigns to educate people not to reveal their account details online to "mysteriously" looking e-mails. Still, people fall for it! And that is what has to be questioned - why do they still fall for it?

(By Asia Business Consulting)