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

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

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

verafin-cloud-insights-subscribe-email
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.

Dive Deeper into Cloud Insights with our Expert Webinar