Stay a step ahead of deposit fraud attacks
Financial institutions across the country are facing an increasing number of deposit fraud attacks as criminals take advantage of the anonymity and convenience of ATM and mobile channels. Consumers, too are increasingly falling victim to fraud scams, which can have significant emotional and financial effects.
Verafin’s innovative, behavior-based deposit fraud detection analytics strengthen your fraud program. A wide range of risk factors indicative of fraudulent deposit activity are analyzed, including multi-channel analysis, out-of-the-ordinary customer behavior, and customer profile information, while filtering out lower risk items.