Posted in Crime, Money Laundering on March 4, 2008 | 1 Comment »
The Australian Institute of Criminology last year published a rather large risk assessment document looking at very near-future directions of technology enabled crimes which is available on the Australian Government Website. Though the entire document itself makes for a fascinating read, of interest to myself in particular was this section discussing virtual worlds:
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Online gaming and gambling
Online gaming, [...]
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Social-networking has been the dominant theme describing almost every new Internet based software application to emerge over the past two years. MySpace, Facebook and Second Life, to name the most prominent applications, have all prospered on the promise and realization of creating a community online. But while they have moved relentlessly forward the platforms have [...]
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Posted in Fraud, Money Laundering, News on September 6, 2007 | No Comments »
Singapore based FirstMeta has launched the first virtual currency credit card.
Full story over at techcrunch.
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Posted in Money Laundering, News on August 6, 2007 | 1 Comment »
Just back from holiday in Cuba, and sorting through the 1001 (literally) e-mails I have, I find a nice little e-mail from the site MMObux.com who wanted to interview me for my thoughts on Money Laundering and Virtual Asset Trading in general.
Now back to deleting the spam from my account!
David
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The Financial Times ran an interesting piece on the challenges Kreeda faces in setting-up an MMO in India.
Article here
What jumped out was the way Kreeda is seeking to get around the low-level of credit card usage in India,
“To overcome India’s slow connection speeds, the game is designed to work on dial-up connections rather than [...]
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Posted in Money Laundering, News on June 26, 2007 | 1 Comment »
McAfee now sees more malware programmed to steal passwords for World of Warcraft now than trojans aiming for banking information, said Craig Schumager of the McAfee research labs. In talks with Erik Larkin at PCWorld.com, he outlined why fake game gold is more attractive than real money. Primarily, there’s less risk of getting caught and [...]
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They have many generic names; underground banking, parallel banking and so forth. Indeed, specific remittance systems many be known to you as Hawala, Hundi or Da shu gong si. The Financial Action Task Force groups all of these together under one generic name: an Alternate Remittance System (ARS). A system of transferring monies from one [...]
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From UPI News here
Outside View: Terror, crime go digital
By RACHEL EHRENFELD and JOHN WOOD
UPI Outside View Commentators
NEW YORK, May 23 (UPI) — Emerging digital technologies to move money instantaneously and anonymously open up new possibilities for criminals and terrorists, while regulatory and law-enforcement agencies are limping far behind.
On May 3, at the release of the [...]
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In my crawlings around the internet, I often come across a number of interesting documents which are related to my research, both into virtual worlds in general and sometimes into potential crimimal activities in them. And with the idea in mind that there is far too little interaction between the research community and professionals sometimes, [...]
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Posted in Money Laundering on June 18, 2007 | 2 Comments »
An interesting piece in New World Notes relating to Second Life usage figures. Using Linden Lab user stats the blog of Millions of Us was able to show where the most active Second Life users are based - quote from the Millions of Us blog:
Here are the first ten countries where Second Life Residents are [...]
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