Combating Payments Fraud with Consortium Analytics

September 12, 2024 by Nasdaq Verafin

...ACH and wire payments. Authorized Push Payment scams such as Business Email Compromise (BEC) are a prime example and are difficult to combat as they involve tricking a victim into...

Stolen Check Fraud: Four Insights from FinCEN’s Latest Analysis

September 19, 2024 by Nasdaq Verafin

...information online, using compromised check information to create counterfeit checks, and stealing newly ordered checks from the mail. These forms require more complex identification methods for financial institutions to prevent....

Funnel Accounts

...fight to stop one of the world’s most devastating crimes. Nasdaq Verafin’s Information Sharing tools give you access to a wealth of additional information via collaboration with investigators at the...

AI & Large Language Models: Great Power Requires Greater Responsibility

October 11, 2023 by Nasdaq Verafin

...a future concern, examples do exist today such as FraudGPT, and WormGPT which may be used to facilitate Business Email Compromise (BEC). Abusing LLMs for Scams When compromised, an LLM...

FRAMLxchange 314(b) Collaboration Network

Verafin provides information sharing technology to financial institutions that are members of the FRAMLxchange, the industry’s largest secure information sharing network of collaborating institutions. With secure 314(b) collaboration tools and...

Explore a Career in Software Development

Download our brochure and contact us at students@verafin.com for more information. Download our Brochure...

Fraud Management

...SAR CREATION AND FILING Fraud and BSA/AML compliance are often seen as separate challenges. Nasdaq Verafin’s enterprise fraud management solution provides you with a centralized platform that enables communication between...

Increased Use of Virtual Currency in Human Trafficking

March 5, 2024 by Nasdaq Verafin

...from Verafin’s AML platform. To learn more about how Verafin can help your financial institution fight this complex and heinous crime, download our eBook: Human Trafficking: Know the Behavior, Uncover...

Inflection Points: 5 Key Trends for Payments Fraud

June 5, 2023 by Nasdaq Verafin

...changing. In recent testimony before the U.S. Senate Special Committee on Aging, an elderly veteran recounted how a months-long computer scam cost her $20K, and nearly her home. More than...

High-Risk Customer Surveillance

...and Management Learn More  -> BSA/AML Compliance and Management Learn More  -> High-Risk Customer Management Learn More  -> Sanctions Screening & Management Learn More  -> Information Sharing Learn More  ->...