Money mule networks are transforming

In a recent interview with Help Net Security, ThreatMark CEO Michal Tresner reveals how money mule operations have evolved into business-like criminal enterprises and are now leveraging AI, automation, and behavioral intelligence to scale faster and fly under the radar.

Criminals using money mule networks aren’t just recruiting people anymore. They’re building hierarchies that mirror legitimate businesses. From automated mule recruitment via social media and dating apps, to forging long‐term relationships that deceive and exploit, these operations are increasingly structured, cross-border, and smart.

Tresner explains that many traditional fraud detection tools fall short, especially when legit customers are coerced into becoming mules, using clean credentials and familiar devices. What stands out most is the shift toward detecting behavioral signals over just identity or device anomalies.

Financial institutions are urged to adopt a full-lifecycle strategy: from recruitment and activation of mule accounts, to fund movement and cover-ups. Key steps include using behavioral analytics, empowering users to spot suspicious activity, and sharing threat intelligence across the industry.

Read the full interview in Help Net Security for actionable insights into how your fraud team can spot evolving mule networks early: Money mule networks evolve into hierarchical, business-like criminal enterprises