Feature Sheet

Wire Fraud Detection

Share This...

Criminals are exploiting wire payments with Business Email Compromise (BEC) scams and other attacks aimed directly at your customers. Institutions need enhanced monitoring to detect and prevent wire fraud to reduce the impact on your customers and your institution.

Through Verafin’s innovative analytics, investigators have the ability to review potentially suspicious wires in real-time, alerting you to unusual wire transfers before they are released. Verafin’s wire fraud agents are segmented by sender type—person, elderly person, business and title company —allowing for more targeted analysis and individual configuration based on the specific fraud risks and scams for that group.

Tagged as...

  •   Business Email Compromise
  •   Fraud
  •   Fraud Scams
  •   Wire Fraud