There’s now an underground service catering to fraudsters that lack the skills or nerve to hack into online accounts to steal funds.
According to a September report from security-as-a-service firm Armor, cybercriminals on dark markets are now selling fiat cash for fractions of its worth to avoid the risk of dealing with the money themselves.
Armor’s Threat Resistance Unit (TRU) research team said in the report:
“There are plenty of hackers willing to simply transfer stolen funds to the bank account or PayPal account of your choice or send you the funds via Western Union.”