Feature Sheet

Wire Fraud Detection

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The dollar value and international nature of many wire transfers make them inherently risky. With criminal schemes such as Business Email Compromise a growing problem, institutions need enhanced monitoring to prevent serious loss. 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