Incognia has published data showing that 81% of financial institutions have reported a rise in mule account handover fraud.

US-based Darwinium has updated its Android and iOS mobile SDKs to detect in-session manipulation, remote access scams, and account farming techniques for banks and fintechs.

To stop fraud networks that exploit gaps between financial institutions, NICE Actimize’s Anurag Mohapatra advocates for shared intelligence. Since mule infrastructure crosses boundaries, effective fraud prevention must do the same.

Oana Ifrim, Lead Editor at The Paypers, details the mechanics, recruitment tactics, scale, risks, and prevention of money mule schemes in global financial crime.

Scams are now the dominant threat in digital fraud - it’s no longer just hacked data but scams that manipulate trust. This whitepaper shows how banks can detect and disrupt APP fraud and money mule activity before it’s too late.