ACH Fraud Detection

Combining behavioral evidence with consortium insights, Nasdaq Verafin’s ACH Fraud solution provides financial institutions with powerful ACH fraud prevention, offering insight into payor and payee... 

Fraud Detection & Management

Criminals are smarter than ever before and will use all available products and channels to exploit your financial institution. To successfully stop crime, you need... 

Economic Stimulus Payments Targeted by Fraudsters

May 8, 2020 by Nasdaq 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,... 

Taking Quick Action Against COVID-19 Crimes

May 4, 2020 by Nasdaq 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... 

Unusual Access – Reconnaissance Agent

A 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... 

Risky Online Banking Setup Agent

Confidence scams, like romance or job scams, are a growing ploy by fraudsters to establish trust with a victim with the end goal of obtaining... 

Unusual Access – ACH Agent

Online customer accounts are a serious target for sophisticated cybercriminals looking to commit unauthorized transfers. Once an online account has been breached, money can be... 

Fraud Risks in Turbulent Times

March 20, 2020 by Nasdaq 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... 

United 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... 

Rich Data Approach Provides Rich Rewards for Fraud Team

Digital Federal Credit Union (DCU)  •  Location: Marlborough, MA Assets: $8.6B*  •  Core Banking System: Fiserv – XP2   “Within the first couple of alerts...