jackpotting noun [U]
UK /ˈdʒæk.pɒt.ɪŋ/ US /ˈdʒæk.pɑːt.ɪŋ/
the crime of hacking into a cash machine in order to obtain money
Jackpotting has been rising worldwide in recent years, though it is unclear how much cash has been stolen because victims and police often do not disclose details. Hackers require physical access to the cash machine using specialised electronics and malware to take control, including an endoscope.
[The Guardian, 29 January 2018]
transaction laundering noun [U]
UK /trænˈzæk.ʃᵊn. ˌlɔːn.də.rɪŋ/ US /trænˈzæk.ʃᵊn.ˌlɑːn.dɚ.ɪŋ/
the crime of using a company’s payment system to process a payment for illegal products and services
Scammers were recently caught using fake Airbnb listings to launder money. Because there are so many listings on the site and no way to manually monitor all transactions, criminals can pay each other or cash out stolen credit cards in seconds. This electronic money laundering, also called transaction laundering, is a growing problem for regulators and law enforcement. According to our estimates, as much as $200 billion is laundered via ecommerce payments every year.
[www.linkedin.com/company/evercompliant, 28 February 2018]
cryptojacking noun [U]
UK /ˈkrɪp.təʊ.ˌdʒæk.ɪŋ/ US /ˈkrɪp.toʊ.ˌdʒæk.ɪŋ/
the illegal activity of secretly using someone’s computer to obtain new cryptocurrency (digital currency produced by a public network rather than by a government)
Cryptojacking doesn’t require a download, starts instantly, and works efficiently. Making it even more insidious, hackers can sneak a mining component onto unsuspecting websites and pilfer cryptocurrency off of the legitimate site’s traffic.
[www.wired.com, 29 December 2017]