ING Bank, one of the most important banks operating in Romania at the present time, has decided to send a last-minute warning to clients from all over the country regarding one of the most dangerous methods by which Romanians from all over the country are tricked into transferring money for unknown persons, and to support criminal activities.
ING Bank talks below about what it means to be a "money carrier", i.e. a link in a chain whose purpose is to hide the frauds committed by various people, Romanians being recruited to transfer money between various accounts of some people they don't know, so that the real source of the money is lost.
Unfortunately, this is not the only method by which Romanians are currently being tricked, according to ING Romania, and this is because invoices are increasingly being used for fraud in Romania, more precisely, people are being tricked into transferring money to accounts that do not belong to them the companies to which they think, normally, that they would transfer the money.
ING Romania explains below, and in the podcasts dedicated to online fraud, what any Romanian should know about the major problem of fraud, and this is because there are more and more of them lately, and some of them can leave the Romanians without money which, most likely, they will not recover very soon.
The "Money Cart" method reminds us of American movies, but it actually happens. The attackers are trying to erase the traces of fraud, but they need an account to withdraw the money. So I can tell you a story to "recruit" you and without realizing it, you become part of the money laundering process.
Invoice fraud? Attackers take advantage of carelessness and bet that you will make the payment to the account on the invoice, without verifying it. Learn more about other "turnkey" frauds such as marketplace or romance scam in episode 7 of the SAFE BANKING with ING & Upgrade 100 series.
