As students head back to campus to begin the school year, Mimecast’s Threat Center warns of a money mule scam targeting colleges and universities.

Key Points

  • Money mule recruitment scams are nothing new for cybercriminals, who often use them for social engineering and credential theft.
  • The new flavor of attack targets students in higher education, who may rely on their university to keep their emails safe from threat actors.
  • Students falling for this money mule scam not only reveal personal information that could be used for nefarious purposes, but they also put the college or university they attend at risk.

A money mule is a person who knowingly or unknowingly transfers stolen money on behalf of others, usually through their bank account. The perpetrator of the attack offers a salary to the money mule to receive money into their bank…

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