A Brief History of Banking Fraud

Bad actors are more agile than their victims, they have the advantage of surprise, and they’re masters at sharing intelligence, evolving techniques and technologies via underground forums making their campaigns ever more effective. The result has been a cat-and-mouse game over the past two decades in which banking fraud teams are usually playing catch-up.

Let’s look back through recent history at the long cat-and-mouse game between fraudsters and fraud-hunters and learn about it many legacy fraud techniques that still in play today. The challenge for fraud teams is to mitigate an expanding set of fraud capabilities, both new and old.


Revelock Solutions for preventing Account TakeOver (ATO), New Account Fraud (NAF), behavioral biometric risk assessment, and transparent stepped-up authentication (CNP, MFA, PSD2), today protect more than 50 million banking customers worldwide.