Feature SheetFraud Detection & ManagementCriminals are smarter than ever before and will use all available products and channels to exploit your financial institution. To successfully stop crime, you need... |
BlogEconomic Stimulus Payments Targeted by FraudstersMay 8, 2020 by Verafin “The CARES Act… together with three related pieces of pandemic relief legislation represent at least $2.4 trillion in aid and presents unparalleled opportunities to assist those in greatest need as well as unmatched prospects for fraud, misuse of the funds,... |
BlogTaking Quick Action Against COVID-19 CrimesMay 4, 2020 by Verafin Financial crime has proven to be a serious and growing challenge during the COVID-19 crisis. Fraudsters have promptly exploited the pandemic for their gain; with many financial institutions closed or limiting branch access and large numbers of citizens still sheltering... |
VideoUnusual Access – Reconnaissance AgentA cybercriminal’s end goal is to siphon funds out of a victim’s online bank account. Once they gain access to the online account they will... |
VideoRisky Online Banking Setup AgentConfidence scams, like romance or job scams, are a growing ploy by fraudsters to establish trust with a victim with the end goal of obtaining... |
VideoUnusual Access – ACH AgentOnline customer accounts are a serious target for sophisticated cybercriminals looking to commit unauthorized transfers. Once an online account has been breached, money can be... |
BlogFraud Risks in Turbulent TimesMarch 20, 2020 by Verafin As the COVID-19 pandemic continues to spread throughout the world, financial institutions have been encouraged to remain steadfast in their ongoing scrutiny of potentially suspicious behavior and to diligently report suspected fraudulent activity. On March 16, 2020, FinCEN released a... |
Case StudyUnited Community Bank prepares for tomorrow and prevents more than $1M in fraud losses, today.United Community Bank • Location: Blairsville, GA Assets: $19B • Core Banking System: Fiserv – Premier “In less than two months there’s been a clear... |
Case StudyRich Data Approach Provides Rich Rewards for Fraud TeamDigital Federal Credit Union (DCU) • Location: Marlborough, MA Assets: $9.9B • Core Banking System: Fiserv – XP2 “Within the first couple of alerts... |
