Mule accounts have become an increasingly prevalent element of fraudulent schemes, acting as the primary pathway for moving funds from various sources of fraud, such as scams, check fraud, account takeovers, and authorized push payment (APP) fraud, into the accounts of fraudsters themselves. Startlingly, our research shows that 59% of new accounts that are deemed fraudulent exhibit mule activity within the first 45 days of account opening.
Download this whitepaper to learn how to solve this problem by:
- Providing out-of-the-box strategies for interdiction
- Learning how detection and interdiction apply for both new and mature accounts
- Continuously monitoring throughout the customer life cycle to catch any emergent threats and mule rings