The world of cyber fraud has gotten even murkier thanks to a slick new tech service that is streamlining fraud for scammers and making them even harder to track down. This new concept is called ‘Mule-as-a-service’ or MaaS. It’s kind of like a plug-and-play fraud tech where service providers are able to  deploy an army of mules on behalf of cybercriminals. These mules are people who lend their bank accounts to move dirty money for cybercriminals. The scary thing is this mule network is getting smarter about leaving no money trail for authorities to follow.

More often than not, these mules are ordinary people from low income groups who sign up to make a quick buck, without realising just how dangerous the whole business is.

Daybreak hosts Snigdha and Rahel are joined by The Ken reporter Rounak Kumar Gunjan and Dhiraj Gupta, co-founder of the fraud-protection firm MfilterIt, about how this network works and why regulators have been struggling to keep up. 

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