Your Dormant Bank Account May Be Attractive to Fraudsters
Hey there,
You know that bank account your users or even you haven't touched in months? The one just sitting there, collecting digital dust??
Well, guess what? Fraudsters love it!
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Dormant accounts are prime targets for fraud. No regular activity means fewer eyes watching, and if a scammer gets access, they can wipe it clean before you even realize something’s off.
This almost happened recently. A fraudster attempted to drain over ?3 million from a dormant account. But guess who ruined their plans? Sigma.
Sigma detected the unusual activity, flagged the transaction, put the account on hold, and alerted the bank. Eventually, the bank confirmed it was a fraudulent attempt.?
Without Sigma stepping in, that money would have vanished.
What's the Moral of the Story?
Dormancy doesn’t mean immunity. If anything, it makes your account a bigger target. But with real-time fraud detection like Sigma’s, banks can stop these heists before they happen.
Want to see how Sigma is keeping businesses fraud-free? Let’s talk.
Send us an email at [email protected] to book a demo.
That will be all for today.
Until next time,
Stay safe, and don’t forget to spread the word about Sigma
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