Banks and shops are facing more advanced types of fraud that mix online tricks with real-world scams. To fight back, experts from Barclays and a security company called Threat Fabric have created a detailed model to understand how these frauds work from start to finish. This system is called a fraud kill chain, and it helps organizations break down and respond to fraud at every stage.
What Is a Kill Chain?
The kill chain idea originally came from the military. It was used to describe each step of an attack so it could be stopped in time. In 2011, cybersecurity experts started using it to map out how hackers attack computer systems. This helped security teams block online threats like viruses, phishing emails, and ransomware.
But fraud doesn’t always follow the same patterns as hacking. It often includes human error, emotional tricks, and real-life actions. That’s why banks like Barclays needed a different version of the kill chain made specifically for financial fraud.
Why Fraud Needs a New Framework
Barclays noticed a new type of scam using tap-to-pay systems—also known as NFC, or near-field communication. This technology lets people pay by simply tapping their cards or phones. Criminals found ways to misuse this by copying the signals and using them without permission.
When Barclays and Threat Fabric studied these scams, they realized t
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