Our adversaries are even using the US banking system. Here’s how they get away with it
The article discusses how adversarial states exploit the U.S. banking system to facilitate illicit transactions. It highlights the use of stolen identities and fraudulent operations by countries like Iran, North Korea, Russia, and China. The author emphasizes the need for increased awareness and vigilance against these sophisticated fraud networks.
- ▪Fraud researchers trace how hostile states use the U.S. banking system for illicit activities.
- ▪Operations often begin with underground markets selling stolen identity components.
- ▪Russian actors are significant suppliers of stolen identities through malware.
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Opinion Our adversaries are even using the US banking system. Here’s how they get away with it From the dark web to Telegram channels to US banks, fraud researcher traces infrastructure hostile states use By David Maimon Fox News Published May 18, 2026 5:00am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video Fox News Flash top headlines for May 14 Fox News Flash top headlines are here. Check out what's clicking on FoxNews.com. NEWYou can now listen to Fox News articles! A wire transfer originates at a bank in the United Arab Emirates, routes through a correspondent bank in Europe and lands at an American financial institution as what appears to be a routine commercial payment.
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