Fraudster Hunter: Delivering a strategic advantage to financial organisations to stop fraud at the source

Readers will learn how buguroo’s Fraudster Hunter combines capabilities to ensure fraudsters can’t shake their permanent digital DNA imprint, enabling banks to:

  • Minimize the impact of fraud on legitimate customers
  • Set honeytraps that can be used to detect and counteract fraudsters’ reconnaissance efforts and attacks against other banking customers
  • Share account registration details, identities and locations with international police to show there are real world consequences to online fraud
  • Make fraud less profitable and riskier for the perpetrators


A Brief History of Banking Fraud: Why Financial Firms Need Biometric Profiling

Banks and online fraudsters have been engaged in a 20-year game of cat and mouse, with the odds stacked firmly in favor of the criminals. They have repeatedly found new and innovative ways to gain access to banking networks and customer accounts, with financial firms left playing catch-up.

This white paper looks at the evolution of fraud including the increasingly sophisticated tricks fraudsters have employed in order to make money. It also looks at the security measures banks have introduced to defend and against these attacks, and where these have fallen short.

Readers will also learn how banks can get on the front foot in the fight against fraud thanks to next generation behavioral biometrics, which lets them identify and authenticate each and every online customer – both good and bad – with pinpoint accuracy.

New account fraud: uncovering the tools and tactics of a new breed of scams

New Account Fraud (NAF), also known as Account Opening Fraud or Online Account Origination Fraud, is when fraudsters use stolen or synthetic identities to open new bank accounts, with a view to maxing out their credit limits before disappearing into thin air, usually within 90 days.

NAF is a current and priority problem for banks today because is hard to stop.  In this document you will find more information about:

  • New Account Fraud situation and statistics worldwide
  • How it works
  • Current trends and tactics used to commit this type of fraud
  • How to combat it effectively


Fraud or data theft in the Banking and Financial Services industry ranks among the top five concerns reported by the World Economic Forum in 2019. In order to address this threat, there is a broad spectrum of solutions and technologies available on the market that tackle the issue using a variety of strategies.

Buguroo believes that Behavioral Biometrics is the best choice and solution to face the different challenges of online fraud. This whitepaper tells you:

  • The latest information and statistics on the state of global fraud
  • Why Behavioral Biometrics is the best option to prevent online fraud
  • How buguroo understands online fraud and the way to prevent it
  • The advantages and benefits of bugFraud

bugFraud, a 360º solution for compliance with PSD2

On 14 September 2019, the Regulatory Technical Standards (RTS) will come into force under the new European Payment Services Directive PSD2, which aims to strengthen the security measures of clients in their access to online banking services or of the emerging Fintech offered within the European Union.

In this document, we show how buguroo’s bugFraud is the perfect ally for complying with the mandatory requirements laid down by this new regulation, detailing article by article the technical requirements and security measures that our anti-fraud solution helps to cover.

How serious is Online Banking Fraud in Latin America?

Online banking fraud in Latin America continues to rise, representing an enormous economic cost and a drop in confidence for both banks and customers in this region. The sector is calling for effective solutions to tackle the different threats it faces in its digital transformation process. 

In this document you will find essential information on: 

The online banking fraud situation and statistics in main Latin American countries. 
A description of the most challenging types of cybersecurity attacks, threats and risks faced by this industry.

  • Security recommendations for the industry:
  • Why can Identity Proofing solutions based on Behavioral Biometrics technologies help to effectively reduce online fraud?
  • Why buguroo has been recognized by Gartner as a relevant player in this sector? 


Nowadays, more than 73% of customers banking transactions are ordered by online banking platforms, which is a juicy breeding ground for cybercriminals. In this document you will find a detail of the different methods and tactics of attack used in banking fraud and some other useful information:

  • Description of the different attack methods, tactics and statistics used in the current banking sector
  • Main challenges that Banks have to face when it comes to fraud prevention
  • How buguroo bugFraud can protect your bank in a complete way against the different fraud threats in their various forms


It seems to be a fiction but they are one of the most common cyber threats in the banking sector. Remote Access Trojans (RAT) can invisibly control a customer banking session or device while during the course of an online transaction with the intention of committing theft of money, data or move laterally within the interior of a bank network.

In this document buguroo dives into how this type of malicious software works and represents one of the most difficult challenges to be detected from traditional security systems because its technical complexity and inability to identify as a malicious or legitimate connection coming from of reliable user and device.

buguroo bugFraud technology based on user Biometrical Behaviour analysis and Deep Learning has been proven to be one of the few definitive ways to stop these specific threat.