Inflection Points: 5 Key Trends for Payments Fraud

June 5, 2023 by Nasdaq Verafin

The financial industry has entered a period of significant challenge and opportunity in payments. With the increasing focus on frictionless customer experiences and introduction of new payment rails such as TCH RTP and FedNow, money is moving faster than ever... 

Banking on Deceit: Billions Lost to Cybercrime & Authorized Push Payment Fraud

April 21, 2023 by Colin Parsons

“Today’s cyber landscape has provided ample opportunities for criminals and adversaries to target U.S. networks, attack our critical infrastructure, hold our money and data for ransom, facilitate large-scale fraud schemes, and threaten our national security.” – Timothy Langan, Executive Assistant... 

From the Cloud: Deep Insights into Wire Fraud Trends

March 15, 2023 by Nasdaq Verafin

Payment fraud is a challenge that is pervasive in the financial industry, and a threat to financial institutions of all sizes. As the talk of a liability shift for consumer-related payment fraud gains momentum within regulatory spheres, additional pressure is... 

Fraud Trends and Technology 2022

January 30, 2023 by Colin Parsons

AML Trends and Technology 2022

January 27, 2023 by Bill Heys

Fraudsters Focusing on Higher Value Wire Scams

January 18, 2023 by Nasdaq Verafin

Payments fraud is an increasingly complex threat to financial institutions and consumers alike. As wire fraud attempts surge against individuals, especially for seniors, there is a growing debate surrounding mandatory victim reimbursements for Authorized Push Payment (APP) fraud. With a... 

Counterparty Resolution Provides a Complete View of Your Customer

December 5, 2022 by Nasdaq Verafin

Fundamentally, AML investigations seek to resolve the question of where money is coming from and where it goes. Examiners strive to identify, evaluate, and report all suspicious activity. The FFIEC’s overview of suspicious activity states a suspicious transaction can include... 

12 Red Flags for Elder Financial Exploitation

November 9, 2022 by Colin Parsons

“Financial institutions serve on the frontlines in protecting their older customers’ finances, and can play a critical role in helping to identify, prevent, and report suspected elder financial exploitation. Financial institutions’ vigilance matters. Their reporting matters.” – Himamauli Das, FinCEN... 

Liable? Consortium Solutions to Payments Fraud Change

October 28, 2022 by Nasdaq Verafin

Payments fraud is a major challenge across the financial industry — and with it has grown a significant call for legislative change. Concern over consumer-focused Authorized Push Payment (APP) scams has prompted proposals for mandatory victim reimbursement in the United... 

Fighting Fraud with the Verafin Cloud

September 30, 2022 by Nasdaq Verafin

The industry leader in financial crime management, Verafin is offering trends and benchmarking statistics for wire fraud and related scams – allowing for unparalleled insight into new and emerging trends. We have gathered insights into key fraud trends by analyzing...