🚨 Our latest research suggests that a significant share of newly registered business accounts in France may be linked to mule activity, highlighting how business-grade payment infrastructure combined with fast remote onboarding has created an attractive entry point for large-scale financial crime operations

Key Highlights:
🔹Verified mule business accounts are sold on underground markets for $300–$700, with sellers offering escrow services, replacement guarantees, and daily inventory.
🔹Threat actors bypass KYC by using real victims harvesting PII via phishing and socially engineering them to complete identity verification.
🔹Operations rely on SIM farms, anti detect environments, and cheap Android devices to scale account creation and maintain infrastructure.
🔹Detecting these operations requires analysing the entire account lifecycle, since sign up, KYC, and first login can appear legitimate in isolation.

Read the full technical analysis.

#FraudPrevention #FintechSecurity #CyberSecurity