Cybercrooks used 65k mule accounts from Karnataka in 2024: Data

Bengaluru: Cybercriminals used more than 65,000 mule bank accounts from Karnataka to build a conduit for transferring ill-gotten money in 2024, according to data from the Indian Cybercrime Coordination Centre (I4C), which functions under the Ministry of Home Affairs.

These accounts form only the first layer of fraudster accounts, and the actual numbers may be far higher. The first layer refers to the first accounts to which victims transferred money at the behest of cyberfraudsters. Further, fraudsters use more mule accounts to build a conduit and finally withdraw money from their desired account.