Money Laundering Easier Online

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The Secrets of Online Money Laundering
‘In May this year, however, the US authorities shut down the service and charged its founder and various others with money laundering.

‘But Richet says the closure of Liberty Reserve is unlikely to end these practices because there so many alternatives. These include WebMoney, Bitcoins, Paymer, PerfectMoney and so on.

‘Another increasingly common way of laundering money is to use online gaming. In a growing number of online games, it is possible to convert money from the real world into virtual goods services or cash that can later be converted back into the real thing.  “Popular games for this type of scam include Second Life and World of Warcraft,” says Richet.

‘Then there are the money mule scams. Most people will be familiar with the spam in which a high level official from a developing country asks your help to transfer significant amounts of money and are prepared to pay well for your services. But first, they require your banking details which they promptly use to empty your account and then disappear…’
more scams

New Teaching Method Could Unleash a Generation of Geniuses
‘In 1999 the top three skills in demand were teamwork, problem-solving, and interpersonal skills. We need schools that are developing these skills.”

‘That’s why a new breed of educators, inspired by everything from the Internet to evolutionary psychology, neuroscience, and AI, are inventing radical new ways for children to learn, grow, and thrive. To them, knowledge isn’t a commodity that’s delivered from teacher to student but something that emerges from the students’ own curiosity-fueled exploration. Teachers provide prompts, not answers, and then they step aside so students can teach themselves and one another. They are creating ways for children to discover their passion-and uncovering a generation of geniuses in the process…’

Latest Smartphones Could Turn Us All Into Activity Trackers
‘Activity tracking used to be a very conscious, active decision. There was a process of deciding what to track, and perhaps buying a device or turning on an app to track it. We also had to remember to put on our wrist bands or clip our Fitbits to our clothes.

‘Now, with the M7, activity tracking comes as an automatic feature on the device that most of us carry with us all day, every day (Google and Motorola’s Android-based Moto X features a similar coprocessor). The capability to track activity using the existing sensors in our smartphones was there in previous models. And apps like Moves, Human, and Saga had started to take advantage of accelerometer, gyroscope, and GPS information to turn the phones we already carry into activity trackers. But these early applications were still pretty battery intensive.

‘With the M7, the phones in our pockets can keep on tracking – and possibly do more: “Because where we go, so go our phones.”…’

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About DigitalPlato

Poch is a Bookrix author and a freelance writer. He is a frequent contributor to TED Conversations.
This entry was posted in business and commerce, cybercrime, education, Society, TECHNOLOGY and tagged , , . Bookmark the permalink.

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