Tag: HRRP

High-Risk Payment Processors Series and the dark side of finance

Cybercrime Charlene Lensburg - January 17, 2021

Undoubtedly, high-risk payment processors (#HRPP) are at the very center of cybercrime and scams. Very often, they facilitate consumer fraud and related money laundering. In early September 2020, Gal Barak was sentenced to four years in prison for investment fraud and money laundering in the Vienna Cybercrime Trials (#VCT) for operating a global scam broker network. A breakthrough in the fight against cybercrime. the forensic analysis of banking and financial data by law enforcement, the trial findings, and the court's reasoning in the verdict also allow investigating the anatomy of high-risk payment processors.

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