Outsmarting the Dark Web: Wirex’s strategy to unmasking Mule accounts

Three years ago, Wirex and ZeroFox teamed up to protect Wirex's brand integrity against cyber threats. ZeroFox's expertise in cybersecurity played a vital role in combating scammers and ensuring the security of Wirex's platform.

Wirex's analysis of alerts from ZeroFox's Dark Web monitoring revealed a concerning trend in 2023: an increase in offers to sell accounts on the Dark Web. This prompted an extension of the partnership between Wirex and ZeroFox to address the growing threat effectively.

In 2023, nearly 7,000 alerts were escalated to Wirex, highlighting the significant risks posed to fintech companies. The data underscores the importance of ongoing vigilance and collaboration in safeguarding against cyber threats.

For more insights, read the full article on The Cryptonomist.