Money Mules on the Rise in India As E-Fraud Thrives Through Social Media

Abstract

Digitalization and globalization ensure that national and international crime over the internet gets easier and becomes more widespread. Even tactics about performing a crime are being spread throughout the Internet. Social media has taken the world through dozens of websites, mobile apps, and other forms of technologies. This article focuses on the rise of money mules through social media which is an important issue in cybercrime.Money Mule is a term used to describe innocent victims who are duped by fraudsters into laundering stolen/illegal money via their bank account(s). When such incidents are reported, the money mule becomes the target of police investigations, due to their involvement. A money mule is someone recruited by criminals to transfer the profits of their illegal activities.