Cloud Insights

Cloud Insights Benchmarking Reports provide unparalleled perspective into financial crime with trends gathered from the Verafin Cloud, comprising $4T in collective assets from 2200 financial institutions.

Our Latest Insights,
Conveniently Summarized

Emerging Trends

Wire fraudsters are focusing on individuals and seniors, with significant transfer attempts directed to Hong Kong.

Business Losses Rise

Typical wire fraud attempts against businesses increased $18.3K to $28K from Q1 2021 to Q1 2022.

Seniors Remain at Risk

Wire fraud attempts against seniors doubled in value from Q2 2020 to Q1 2022.

Hong Kong Leads Attempts by Value

Hong Kong was the #1 destination for international wire fraud attempts by value in Q1 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

verafin-wire-fraud-stats-2
Detects 90% of wire fraud by value.
verafin-wire-fraud-stats-3
75% reduction in false positives.

Stay Connected on the Latest Fraud Trends

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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

verafin-cloud-insights-subscribe-email

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.

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