Stopping sold accounts

The peddler is extremely problematic for banks and financial institutions. The main reason is due to the history of the account being linked to a genuine user. However, once the account has been sold, Mule Account Detection is able to pick up on the behavior differences. This new user showcases unknown account behavior and has a history of money laundering and criminal behavior. Mule Account Detection can detect low data familiarity, a change in behavior, and the usage of one device to access multiple accounts.

By detecting this persona, banks and financial institutions can prevent an infiltrator from using historically genuine accounts to infect their business. BioCatch uses Behavioral Biometric intelligence to detect sold accounts and new user behavior in real time. This proactive approach provides actionable insights to fraud and AML teams much faster than traditional detection methods. Click here to learn more about this persona and how Mule Account Detection can stop good accounts from going bad.