5.4 million consumers were victims of identity theft or fraud last year globally [1]. That’s up by 16% from the year 2015. Identity fraud and its related vulnerabilities are becoming increasingly rampant due to weak ID verification processes across companies. It is indeed important to keep identities safe and on-board employees, customers, vendors and partners with genuine identities only.
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What Is a Money Mule? Meaning, Risks, Examples & How Scams Work
Understanding The Concept Of A Money Mule A money mule is an individual who is used—knowingly or unknowingly—to transfer, move, or launder illegally obtained money on behalf of criminals. The term “mule” is deliberately used