Case Study

Fighting Corporate Crime 

Verafin Alerts Financial Institution to Major Real Estate Fraud Against Title Company 

Share This...

Fraudsters will exploit every opportunity for their gain, including targeting corporate customers through elaborate wire fraud scams, deception, and manipulative tactics.

In this anonymized case study observed in the Verafin Cloud, see how one bad actor relied on standard fraud tricks, including falsified information and identity theft, to deceive a title company into a fraudulent $1.6M real estate deal. Read along and discover how Verafin’s Wire Fraud solution detected and alerted a financial institution to the suspicious activity, allowing them to prevent this significant loss from occurring.

Tagged as...

  •   Cloud Insights
  •   Cloud Technology
  •   Identity Theft
  •   Wire Fraud