India's UPI (Unified Payment Interface) is being reduced to a new tool for hackers to launder moneywww.deekpay.com

## Cybercriminals use 'mercenaries' to launder money: Android malware app XHelper revealed Recently, cybersecurity firm CloudSEK uncovered a case of large-scale money laundering using "mercenaries". Criminals used the Android app XHelper to recruit and manage "mercenaries" to conduct illegal transactions through the Unified Payments Interface (UPI) of India. How XHelper works XHelper acts as a management tool for "mercenaries" and provides the following features: Recruitment and Management: Recruit "mercenaries" through Telegram and attract them to participate in money laundering activities in return for a commission of 1-2%. Inflow of Funds: Using the UPI's QR code feature, illicit funds are funnelled into the mercenaries' accounts for onward transfer to other countries. Income Tracking: Mercenaries can track their income through XHelper, making it easy to manage payments and receipts. Order Assignment: The system automatically assigns money laundering tasks and requires the mercenary to upload screenshots of the transactions as proof. Referral System: Mercenaries can invite more people to join and receive bonuses, forming a pyramid structure to expand their money laundering network. Training System: XHelper provides a Learning Management System (LMS) to train mercenaries in money laundering techniques, including opening fake company bank accounts and bypassing account freezes. International Law Enforcement Operations to Combat Money Laundering Europol's global anti-money laundering operation in the second half of 2023 resulted in 1,013 arrests and the identification of 10,759 'mercenaries' and 474 recruiters. Increased malware threats According to Kaspersky, malware, adware and riskware attacks on mobile devices continue to rise in 2023, with Android malware and riskware activity being particularly significant. Vigilance against money laundering risks The XHelper incident demonstrates that cybercriminals are constantly developing new techniques to use "mercenary" networks for money laundering. We need to be vigilant about the associated security risks and actively cooperate with law enforcement to combat money laundering offences. Note: The above content is for reference only, please do not use it for any illegal activities. Disclaimer: The above content is generated by AI for reference only and does not represent the views of any organisation or individual.