Emerging Trends
Emboldened fraudsters are focusing on more lucrative wire fraud attempts aimed at seniors and the Financial and Insurance industry.
Concerning Rise in Value
The median value of attempted wire fraud across all segments rose 50% – $10K to $15K per attempt – from Q2 2021 to Q2 2022.
Seniors at Significant Risk
Grouped by age, people 55 or older accounted for 71% of occurrences and 73% of attempted wire fraud value in Q2 2022.
Top Industry Target
Attempted wire fraud value grew 365% for the Financial and Insurance industry from Q2 2021 to Q2 2022.
Cloud Insights Resource Center
Power of the Verafin Cloud
over
1 Billion
transactions analyzed each week
40 Million
unique payee accounts with
950,000
new accounts added each month
$4 Trillion
in collective assets
over
140 Million
wires with
4 Million
added each month
Effective Prevention with Verafin
Detects 90% of wire fraud by value.
75% reduction in false positives.
Stay Connected on the Latest Fraud Trends
Subscribe now and be the first to get an unparalleled perspective on wire fraud trends across the industry with Verafin’s Quarterly Cloud Insights Benchmarking Reports.
Stay Connected on the Latest Fraud Trends
Cloud Insights
Subscribe now and be the first to get an unparalleled perspective on wire fraud trends across the industry with Verafin’s Quarterly Cloud Insights Benchmarking Reports.