Case Study: The Bank stops mule account fraud with Buguroo Fraudster Hunter

Hunting the fraudsters targeting one of europe’s top 3 largest digital banks

The Bank, one of Europe’s top three largest digital banks, turned to Buguroo when criminals used a network of mule accounts to move money from fake classified ads. The bank needed help identifying the fraudsters behind the scam and uncovering all related accounts, but traditional checks had not revealed enough suspicious activity.

Buguroo’s Fraudster Hunter helped the bank analyze behavioral biometrics, device data, geolocation, and network connections to link fraudulent accounts and map the criminals’ modus operandi. As a result, The Bank identified and blocked over 425 mule accounts, froze them in real time, and shared intelligence with police to support the investigation and prevent future fraud.

The Bank