Case Study

Cloud Evidence Crucial Against Business Email Compromise Scam

Verafin Alerts Financial Institution to Major Wire Fraud Attempt 

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Authorized Push Payment scams are a prevalent threat in the financial industry as criminals seek to manipulate your customers for their gain. In this anonymized case study, learn how bad 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, proved crucial in detecting the suspicious activity.

Tagged as...

  •   Business Email Compromise
  •   Cloud Insights
  •   Cloud Technology
  •   Wire Fraud

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