Case Study

Fraud Hunters use Revelock to disrupt mule network

One of Europe’s top three largest digital banks, with more than 1.2 million clients and $10 billion in customer assets, was targeted by a cybercriminal gang using the Bank as a clearinghouse. The gang had published a network of advertisements offering to sell consumer goods at steep discounts. Unfortunately for unsuspecting customers who responded to these ads, all they received from transferring their money to mule accounts was disappointment.

The Bank identified Revelock as the only vendor capable of providing a solution that would let the Bank’s fraud team actively hunt down bad actors operating in their online banking system.