Tag: berkeley

Treasury Dept: Tor a Big Source of Bank Fraud

A new report from the  U.S. Treasury Department found that a majority of bank account takeovers by cyberthieves over the past decade might have been thwarted had affected institutions known to look for and block transactions coming through Tor , a global communications network that helps users maintain anonymity by obfuscating their true location online. The findings come in a non-public report obtained by KrebsOnSecurity that was produced by the Financial Crimes Enforcement Network (FinCEN), a Treasury Department bureau responsible for collecting and analyzing data about financial transactions to combat domestic and international money laundering, terrorist financing and other financial crimes.