Threat intel companies look to help weed out the fakes in financial services | SC Media
Phishing

Threat intel companies look to help weed out the fakes in financial services

October 20, 2021
A security notice is displayed in the window of a Capital One bank in Midtown Manhattan on July 30, 2019, in New York City. There were $6 billion in financial losses last year in the U.S. alone, according to threat intelligence firm BioCatch. (Photo by Drew Angerer/Getty Images)
  • The Deceiver, who hijacks or steals legitimate information to create a bank account expressly for perpetrating fraud or laundering funds;
  • The Peddler, who sells genuine account information to criminals;
  • The Accomplice, who participates in coercing information or account data from victims, typically for money;
  • The Chump, who executes transaction on behalf of the account hijacker, without realizing what they're doing; and
  • The Victim, who is sometimes unaware that their account or information has been taken over.
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