Report

Quarterly Cloud Insights Q1 2022

Wire Fraud Benchmarking Report

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In recent years, Verafin has observed a significant increase in wire fraud incidents across the industry, including cases of Business Email Compromise (BEC), targeted consumer scams, and the financial exploitation of elderly persons.

Through the power of the Cloud, Verafin has gathered unparalleled insights into wire fraud trends by analyzing a massive consortium-based data set, representing $4T in collective assets from 2100 financial institutions. This informative report summarizes the results of our industry-leading analysis, examining business, title company, person, and elderly person segments, domestic and international wire transactions, and benchmarking metrics, including basis points and quarterly transaction statistics. Discover valuable wire fraud statistics, emerging trends of interest, and key insights for your institution — all in one place.

Tagged as...

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