Details of a Computer Banking Scam
This is a longish video that describes a profitable computer banking scam that’s run out of call centers in places like India. There’s a lot of fluff about glitterbombs and the like, but the details are interesting. The scammers convince the victims to give them remote access to their computers, and then that they’ve mistyped a dollar amount and have received a large refund that they didn’t deserve. Then they convince the victims to send cash to a drop site, where a money mule retrieves it and forwards it to the scammers.
I found it interesting for several reasons. One, it illustrates the complex business nature of the scam: there are a lot of people doing specialized jobs in order for it to work. Two, it clearly shows the psychological manipulation involved, and how it preys on the unsophisticated and vulnerable. And three, it’s an evolving tactic that gets around banks increasingly flagging blocking suspicious electronic transfers.