Business Email Compromise – a Growing Threat

BEC is a high-value, high-speed, widespread scheme — and an increasing threat for financial institutions. In 2020, it was estimated as the costliest scam to the American public, and criminals...

Partners in Fighting Crime

...high-risk customers among their new and existing customer base, giving them a platform to collaborate with other institutions to uncover crime rings, keeping them ahead of regulatory change, or saving...

Highlights from the Cloud

Gain unparalleled perspective on wire fraud trends across the industry with Verafin’s complimentary infographic – Highlights from the Cloud: Wire Fraud Insights Q2 2022. Discover the findings of big data...

Quarterly Cloud Insights Uncovered Q2 2023

Originally Presented: June 28, 2023

...assets. This insightful webinar will include highlights from our Wire Fraud Benchmarking Report for Q2 2023, featuring valuable insights and benchmarking data on wire payments. Our experts will take a...

2019 Crime Trends & Technology:
A Year in Review

Originally Presented: December 3, 2019

...ahead of industry trends — with a focus on the growing sophistication of fraud schemes, and new approaches to combat complex money laundering scenarios. 2020 – The Look Ahead: what...

Check Fraud is a Growing Problem – Financial Institutions Need a Solution

June 12, 2023 by Nasdaq Verafin

“In 2022, banks saw an 84% increase in check fraud, costing consumers an estimated $815 million.” – Senate Committee on Banking, Housing, and Urban Affairs, 2023 Even though check use...

Evolving with the Times

...Compliance Analyst, City National Bank & Trust The world of financial crime is constantly evolving. To properly respond, financial institutions require a combination of intuition, fast-paced evidence gathering, and old-fashioned...

FRAMLx: Cross-Institutional Analysis

...receiving account for a wire or ACH transfer has a trusted transaction history. Cross-Institutional Compromised Terminal Analysis. Get alerted to cards that are potentially compromised and at risk of fraud....

Cloud Evidence Crucial Against Business Email Compromise Scam

...actors infiltrated a $6M business acquisition with a Business Email Compromise (BEC) scheme — and why Verafin’s Wire Fraud solution, leveraging Consortium Analytics and insights from 300 million profiled accounts,...

Criminals Cash in on Stolen Checks: FinCEN Releases 10 Red Flags for Mail-Related Check Fraud

March 24, 2023 by Nasdaq Verafin

...on a customer’s account via check to a new payee. Customer complains of a check or checks stolen from the mail and then deposited into an unknown account. Customer complains...