BioCatch: US mule activity up 25%, Spain sees surge in stolen-device fraud

BioCatch reports mule sessions at US mid-market banks rose 25% even as overall fraud sessions fell 11% and bot activity dropped 15%. In Spain, fraud from stolen devices jumped 150%, scam attempts rose 46%, and social engineering accounted for 43% of fraud cases and 60% of losses.

• US mules transfer an average 38% of account balance per transaction
• Overall US fraud sessions fell 11%, bot activity dropped 15%
• Spain fraud attempts rose 19%, average attempt value up 63%
• Malware-related sessions at Spanish BioCatch clients rose 35%