The modern cyber fraudster has become more lethal during the Covid-19 pandemic, drifting from saving hidden money in off-shore banks to stashing them in cryptocurrency networks running on blockchain systems that cannot be accessed by authorities.
The study, The Anatomy of the New Fraudster, published by tech company Banking Payments Context (BPC) shows apart from targeting corruptible employees, scammers are now targeting untrained personnel to share private data of top executives unknowingly and end up purloining billions of money, which is hidden in cryptocurrency form.
