Case Study: Large Financial Institution achieves 50% uplift in money mule detection and returns $965,000 to victims with LexisNexis Risk Solutions

Large Financial Institution Sees 50% Uplift in Detection of Money Mule Accounts During First Year Using LexisNexis® Risk Solutions

A large financial institution facing rising losses from money mule activity needed a way to accurately identify and block mule accounts, stop fraudulent fund movements, and return money to victims—all while preserving a frictionless experience for legitimate customers. Cybercriminals exploiting stolen credentials and social engineering were laundering funds through networks of seemingly unconnected accounts, creating a complex detection challenge.

The bank deployed LexisNexis Risk Solutions’ digital identity intelligence—including device, IP and behavior analytics, a mule-detection model and shared Trust Tags/Smart ID capabilities—to link mule devices to new accounts, pierce proxy/VPN cloaking, and distinguish fraud from genuine user behavior. In the first year the solution delivered a 50% uplift in mule detection, helped stop and return $965,000 to victims, uncovered a fraud ring of 140 mule accounts, aided in an arrest, and minimized friction for returning customers.