The Globe and Mail reports in its Saturday, April 25, edition that a Melbourne woman lost nearly 300,000 Australian dollars (about $288,000) after falling victim to a scam involving a phone call from someone impersonating a bank employee. The Globe's Alexandra Posadzki writes that Australia's financial intelligence agency highlighted in a 2024 report a growing issue involving scammers who accessed a victim's funds and transferred money to 11 different bank accounts, primarily opened by international students from India. When the cash was withdrawn, the students were already home, indicating someone else was managing their bank accounts, according to the Australian Transaction Reports and Analysis Centre. The students had, wittingly or unwittingly, become what are known as "money mules" --individuals who move illegally acquired funds on behalf of someone else. Illegally acquired access to bank accounts is becoming a growing problem around the world, as criminal organizations look to move money they have stolen through increasingly pervasive scams. CIBC says it has "sophisticated layers of security and monitoring that work effectively to help prevent the fraudulent use of accounts."