Mule accounts are the most critical link in the fraud supply chain infrastructure. After all, cybercriminals can’t steal money if they have nowhere to send it.  According to Europol, more than 90% of all money mule transactions are directly linked to cybercrime.

New account fraud, also known as application fraud, is rapidly outpacing other forms of cybercrime, making it one of the largest concerns for companies offering digital account openings.