Italian national post lost lost 5M euro to phishing

news.italy24.press

12 pointsausudhz7 comments

This story brings up an interesting point, namely what's stopping hackers from simply diving their stolen proceeds among thousands of bank accounts, across hundreds of different banks?

I could easily imagine it would take 10x more money to reclaim it then what was stolen in the first place after accounting for all the lawyer fees, employee time, etc...

> what's stopping hackers from […]

Why would they want to?

To hide their illicit gains?

The hackers aren’t the ones running the receiving accounts, those are offered by finance professionals taking 20-60% and paying out in cryptocurrency.

Making money “disappear” after a couple of international transfers isn’t particularly difficult.

money mule bank accounts arent exactly growing on trees

as Italian, that's probably the less stupid things they've done, considering the kind of people they employ.

I'm Italian too and I'm not surprised at all

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