Tag Archives: ransomware cashout service

Cashout Service for Ransomware Scammers

June 3, 2013

There are 1,001 ways to swindle people online, but the hardest part for crooks is converting those ill-gotten gains into cash. A new service catering to purveyors of ransomware — malware that hijacks PCs until victims pay a ransom – levees a hefty fee for laundering funds from these scams, and it does so by abusing a legitimate Web site that allows betting on dog and horse races in the United States.