SIM-swap account takeover
A fraudster takes over the customer’s number, intercepts one-time passcodes and drains the wallet in minutes, often before the customer notices the phone has lost signal.
Industries · Mobile money
Fraud and AML detection for mobile money and remittances
Mobile-money operators, fintechs and remittance providers face fraud that moves through SIM cards, agents and corridors rather than cards and branches. The FinCrimes Banking workspace includes a mobile money and remittances line that scores wallet, agent and corridor activity in real time, and our cybersecurity team tests and monitors the apps and APIs that carry it.
The challenge
What mobile money teams are up against
Agents used for cash-out
An agent outlet can become the exit point for laundered or stolen funds, with many deposits and withdrawals routed through one place.
Structuring across corridors
Remittances are split into small amounts across senders and corridors to stay under reporting and transaction limits.
Ponzi schemes and funnel accounts
Schemes that pay returns from newer deposits spread through social and messaging groups, and funnel accounts collect many small payments before moving the total on.
Solutions
How Dark Pools helps
Mobile money typologiesSIM-swap takeover, agent cash-out laundering, mobile-money Ponzi schemes, corridor structuring and funnel accounts, scored in real time with an approve, review or block recommendation before a transfer completes.Ring and network analysisEntity resolution links wallets, phones, devices and agents that share attributes, so a mule network shows up as one ring instead of many unrelated wallets.App and API security testingPenetration testing of mobile apps, APIs and the cloud services behind them, with remediation-focused reporting and retests through vulnerability management.Dark-web and brand monitoringThreat hunting with dark-web and brand monitoring looks for leaked data and impersonation of your brand, alongside hypothesis-driven hunts across endpoints, identities and networks.
In the field
Scenarios we are built for
BankingSIM-swap account takeoverFraudsters hijack a customer's phone number, intercept one-time passcodes and drain accounts in minutes, long before the victim's first call to the contact center.Takeover stopped mid-sessionBankingMule network cashing outStolen funds hop through dozens of freshly opened accounts and exit through ATMs and remittance corridors before the bank's overnight batch review even runs.Ring frozen before the cash-out
FAQ
Questions buyers ask
Yes. The mobile money and remittances line sits in the Banking workspace and applies to mobile-money operators, fintechs and remittance providers as well as banks.
The typology looks for the sequence that marks a takeover: a SIM change, then a credential reset or new device, then outbound transfers within a short window. It needs SIM-change and device events in your data feed, and it scores the transfer in real time.
Yes. The corridor structuring typology flags value moved between two jurisdictions in small slices, and entity resolution links the senders, recipients and devices on both sides.
Through a streaming ingest API with schema versioning and quarantine for malformed records, plus CSV and API backfill for history. The same engine scores live events and historical batches.
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