Sort of. Itâs more accurate to say that hackers create code that either goes through, or works around, bank security to grab personal information. This could be used by the cybercriminal to open an account, but is more often sold on the dark web. In the US, federal identity validation mandates make it harder to create fake accounts. That said, there are actually apps that will allow users to create realistic fake accounts. Although these are marketed as pranks, thieves use them to steal from real bank accounts.