Technique

Fund Siphoning

MONETIZATION

Fund siphoning is the direct extraction of money from a victim to attacker-controlled accounts or assets. This includes wire transfers, cryptocurrency transactions, gift card purchases, cash payments, or any mechanism where the victim's money moves to the attacker. May occur as a single large transf…

Common attack flows

How it fits in a scam

This technique shows up duringMONETIZATION

Before

After

This is often where the scam ends.

Defense

How to defend against this

How to spot it

  • Requests for payment via untraceable methods (wire transfer/cryptocurrency/gift cards)
  • Urgency or pressure to complete transfers quickly
  • Requests to keep transactions secret from family or friends
  • Money sent to unfamiliar recipients or accounts
  • Payment instructions that bypass normal channels

Steps you can take

Further reading