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
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.