How Uber ghost rides are linked to online money laundering

Online service marketplaces are relatively new, and there are few ways for their operators to regularly monitor the entirety of services and transactions. Unfortunately, this creates an open environment for electronic money laundering, known as ‘transaction laundering,’ to occur. Last November, we all discovered that no one is immune to cyber crime, when The Daily Beast published an article showing that Airbnb had been exposed to online payment system exploitation. The scam is simple:...

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