As per the report of a former London Met cyber-crime researcher, United Kingdom is one of the best countries for the hackers in Europe, but not for the reason that you think, means the target for cyber attacks.
According to the Charlie McMurdie, the sponsored of Datto Cyber Security Summit in London, who previously ran the London Metropolitan Police’s fraud and high-tech crime divisions and he told attendees that although Britain’s comparative wealth and widespread adoption of technology that makes it one of the best-targeted countries in Europe for cyber dangers. In spite of that, it is one of the popular countries for the attackers to save, release and spend their processes in these countries.
McMurdie said that if people are trying to generate millions at cyber- threats then they don’t wish to be in the back of beyond where they are not able to spend their expensive money or bitcoins; they want to be in the United Kingdom where they are ready to go down to Harrods in Knightsbridge. McMurdie is also kidding that in all of the people, probably in every tenth person going into Harrods is a cyber criminal.
Besides that, the McMurdie also told about that how cybercriminals would appoint spending teams. All will do the tasked with converting wrongly-obtained credit cards into expensive goods.
“Harrods they liked – in the limousine, with a fistful of cards, with your minders… and they turn up at Harrods and they were buying £10,000 diamond-encrusted iPhones and vases and chairs. No one’s going to challenge them; they look like the part, they’re spending the part, they’ve got the cards, they’re all going through.”
She said that there is one more reason that attacker is particularly fond of the United Kingdom. She told that the banking system is an ideal way to transfer money from A to B. The ability to make rapid transfers between accounts allows hackers to bounce their cash between various banks account within a short time or efforts, obscuring the source of the money and allowing them to withdraw it before the authorities catch up to them.
United Kingdom banks are the best way, and they are the active and secure solution to transferring money efficiently. But if they are trying to do the cybercrime and making loads of money, they need to bounce it around means they need to launder that cash, you need to move it around the banks to evade law enforcement and clean it out immediately. Also, their banks are really good at transferring money fast-time. It is not taking the more than two days to move money from one to another bank – it’s done at the click of a switch.”
She noted that the only incorrect side for cybercriminals is their banks. Banks are one of the best ways to gain the good and switched on at getting these transactions information as money-transferring that takes place – and they are also very perfect hot at working with law enforcement. So there is a double-edged sword there.