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Method for detecting fraudulent money transfer

a fraud detection and money transfer technology, applied in the field of fraud detection and prevention, can solve problems such as the generation of fraudulent transactions

Active Publication Date: 2014-04-24
SWIPEADS HLDG PTY LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The present invention is a method for detecting fraudulent transactions using a detection software module injected into a browser or website. The detection module traces the content and activities performed on a webpage and detects any exceptional activity that may be fraudulent. The detection module can mark a current transaction as fraudulent, preventive actions such as blocking the transaction or reporting about the fraudulent transaction can be performed. The fraudulent transaction may be generated by malware using Ajax. The detection module can detect the retrieval and filling of mule accounts in real-time and seek invisible IFrames in a legitimate web page.

Problems solved by technology

The fraudulent transaction may be generated by malware using Ajax.

Method used

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  • Method for detecting fraudulent money transfer
  • Method for detecting fraudulent money transfer

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Experimental program
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Embodiment Construction

[0019]The present invention is a method for detecting fraudulent money transfers that are transferred to a mule account.

[0020]In order to complete the new fraudulent transaction, the malware needs to fill the transaction form. The malware can submit the form using Ajax (Asynchronous JavaScript and XML—is a method of building interactive applications for the Web that process user requests immediately. Instead of loading a traditional Web page, the user's browser loads the Ajax engine, which displays the page the user sees. The engine continues to run in the background, using JavaScript to communicate with the browser), which does not require loading the page of the new fraudulent transaction from an external source. Alternatively, it can use regular form submission in a hidden frame.

[0021]The malware further needs a mule account, to which the money will be transferred from the victim's account. Generally, the mule account is excluded from the malware configuration, since after a frau...

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Abstract

A method detects fraudulent transaction of money transfer to a mule account, according to which a detection software module is injected into a browser or a website to be protected. The detection module traces the content and the activities performed on a webpage of the website and detects any exceptional activity / condition which may be fraudulent online activity performed by malware and waits until all sensitive data to perform a fraud transaction is entered. Then the detection module stores and / or forwards the details of the mule account that has been used for the fraudulent transaction.

Description

FIELD OF THE INVENTION[0001]The present invention relates to the field of malware detection and prevention. More particularly, the invention relates to a method for detecting, and preventing, fraudulent transaction of money transfer from a victim's computer infected by malware, to a fraudster by using a mule account.BACKGROUND OF THE INVENTION[0002]A growing concern of online users is the possibility of interception or exploitation of their personal information by fraudsters. For example, a user is liable to be tricked into providing personal information to a fraudster or to a bogus website, allowing the fraudster to perform online transactions.[0003]Another type of fraudulent activity perpetrated online is the transfer of money obtained as a result of a scam. Fraudsters recruit people that have legitimate bank accounts (often called “mules”) to provide their account details for the purpose of carrying out a fraudulent transaction, during which money is transferred from the account ...

Claims

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Application Information

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IPC IPC(8): G06Q40/00
CPCG06F21/566G06Q20/4016
Inventor KLEIN, AMITBOODAEI, MICHAEL
Owner SWIPEADS HLDG PTY LTD