In the first half of 2022, BioCatch estimates fraudulent transfers to money mule accounts totaled $3 billion and that there are approximately 2 million mule accounts in the US. Additionally, researchers found that the average mule transaction amount is $1,500 – a low amount to avoid detection when executing mule campaigns at a large scale. In this Help Net Security video, Erin Englund, Threat Analytics Lead at BioCatch, explains what money mules are, why are … More
The post The proliferation of money mules and how behavioral biometrics can combat this form of fraud appeared first on Help Net Security.
