Fraudsters are increasingly employing sophisticated methods, such as bank drops, to conduct illicit financial activities, posing significant risks to financial institutions and their customers. A bank drop is a temporary account used by cybercriminals to receive illicit funds, often created using false or stolen identities, and is associated with activities like money laundering and financial fraud. These accounts are hard to trace as they are frequently used and discarded to evade detection. Fraudsters obtain sensitive bank information through tactics like social engineering and phishing, enabling them to execute unauthorized transactions. To combat these threats, banks can implement measures such as Know Your Customer (KYC) regulations, two-factor authentication, and advanced device intelligence platforms like Fingerprint to enhance security and identify potential threats. These strategies help prevent unauthorized access and protect customers from falling victim to these scams, while financial institutions are encouraged to collaborate with law enforcement to tackle these threats effectively.