Money mule

NICE Actimize 2023 Fraud Insights Report Reveals Attempted Fraud Transactions Have Increased By 92% Over Previous Year

Retrieved on: 
Thursday, March 9, 2023
Other Professional Services, Security, Data Management, Technology, Finance, Fintech, Consulting, Banking, Business, Apps, Applications, Professional Services, Artificial Intelligence, Other Technology, Software, Networks, Internet, FIS, Money, Artificial intelligence, Research, NICE, Machine learning, Federated, ACH, NICE Ltd., Risk, Federated learning, Money mule, Financial institution, FI, Fraud, Pharmaceutical industry, Cryptocurrency, Textile

NICE Actimize, a NICE (NASDAQ: NICE) business, has released "The 2023 NICE Actimize Fraud Insights Report" that delves deeply into the banking and payments landscape and uncovers the most pressing threats and patterns impacting financial institutions.

Key Points: 
  • NICE Actimize, a NICE (NASDAQ: NICE) business, has released "The 2023 NICE Actimize Fraud Insights Report" that delves deeply into the banking and payments landscape and uncovers the most pressing threats and patterns impacting financial institutions.
  • Fraudsters are becoming increasingly sophisticated, shifting their tactics from traditional account takeover and unauthorized fraud to more complex authorized payments fraud (scams).
  • The report indicated that from 2021 to 2022, attempted fraud transactions skyrocketed by 92% and attempted fraud amounts have soared by 146%.
  • To download a copy of NICE Actimize’s 2023 Fraud Insights report, please click here .

Agari Dispels Myth of Where Phishing Criminals are Located

Retrieved on: 
Tuesday, October 13, 2020
Crime, Articles, Fraud, Social engineering, Spamming, Cybercrime, Confidence tricks, Money mule, Phishing, Mule, Cyberwarfare, Email fraud

Today's announcement pinpoints for the first time where email scammers are located globally and maps their tangled web of money mules.

Key Points: 
  • Today's announcement pinpoints for the first time where email scammers are located globally and maps their tangled web of money mules.
  • Agari Cyber Intelligence Division (ACID) has identified money mules in every state, including the District of Columbia.
  • The money mule network is a critical link in fraudsters' ability to launder and move money offshore, quickly.
  • Agari is the market share leader in phishing defense solutions for the enterprise.