Tor a major source of bank fraud, says US Treasury Dept.

Tor has been used to mask the identities of cybercriminals in a significant number of bank frauds for over a decade, according to a US Treasury Department report obtained by Brian Krebs on his Krebs on Security website.

According to the report, released on December 2, the Financial Crimes Enforcement Network (FinCEN) discovered that of 6,048 suspicious activity reports filed by banks between August 2001 and July 2014, 975 – totaling nearly $24 million in fraudulent activity – used one or more of 6,000 known network nodes.

Tor a major source of bank fraud, says US Treasury Dept.