Fraudulent financial transfers known as “money mule accounts have been on the rise as cybercriminals use botnet and hybrid bot technology to open the accounts on a wider basis, according to BioCatch.
By Lawrence White and Iain Withers. The next day Robert Clayton from Britain's Financial Conduct Authority called to say they were pursuing the criminals responsible but that her savings were at risk. No fraud department, no Robert Clayton.
The country ranks second in the world behind the US as a source of automated bot attacks, the fastest-growing type of fraud attack in the world, according to data from LexisNexis Risk Solutions.
Scammers used to buy up batches of consumers' personal details on the dark web in order to target the record numbers of customers shopping and banking online since the pandemic.
The country is the global epicentre for such attacks, according to five of the biggest British banks and more than a dozen security experts who said scammers were buying up batches of consumers' personal details on the dark net to target the record numbers shopping and banking online since the pandemic.