In the final episode to cover fraud issues in 2022, our latest fraud investigation aims to highlight an often overlooked yet important fraud technique - using aged accounts to trick and build trust with e-Commerce merchants and other service users and most importantly, to fool anti-fraud systems. The real appeal of using aged accounts is to take advantage of the clean account history, reviews and ratings, otherwise ‘normal’ activity associated with genuine users. Fraudsters use Aged accounts to bypass registration and authentication measures.
Aged accounts are more popular than ever among fraudsters!
Analysts from the threat intelligence company Cybersixgill have highlighted that there has been a surge in interest in aged accounts to enable fraudulent transactions. But there’s more to aged accounts than meets the eye - it’s not only stolen accounts that are popular but accounts cultivated by fraudsters themselves and sold for as little as 10 US cents. Fraudsters will register accounts, often using automated bots, establishing them through regular transactions and behaviours, building trust before selling them sometimes many months later - the older an account, the bigger the price tag.
Listen to Nethone’s Intelligence Specialist Michał Barbaś as he explains everything you need to know about aged accounts.
Nethone.com is a fintech company that fights online transaction fraud using its proprietary software solution. In order to keep clients safe, we keep track of what’s happening in the darknet, the sometimes-murky underbelly of the web, where fraudsters exchange the tools and knowledge to plan their criminal activities. That’s why we’ve created this podcast, to share with you what our experts have found during their investigations! This and all our findings can be found on our fraud prevention blog and Darknet Summary fraud podcast.