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  •   Business Email Compromise

  Blog

Redefining Fraud: Combating Evolving Business Email Compromise Schemes

January 23, 2020 by Verafin

In their search for the path of least resistance, fraudsters have discovered that trickery and deception are highly effective strategies. As noted by FinCEN, Business Email Compromise (BEC) is...

  Blog

Crime Trends & Technology: Reflections & Perspectives for 2020

January 7, 2020 by Verafin

As we move into the next decade, it is critical for financial institutions (FIs) to reflect on recent trends in fraud and compliance, and gauge what potential challenges lay ahead....

  Case Study

Reducing Risk

Bell Bank • Location: Fargo, ND Assets: $6.5B • Core Banking System: Fiserv Signature “With Verafin’s Private ATM Owner finder alerts, we discovered we actually had 45. It was eye...

  Feature Sheet

Wire Fraud Detection

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...

  eBook

Understanding Fraud Schemes & Scams

Updated February 2020 Fraud is constantly evolving — it is the one truth within the industry — and increasingly fraudsters are targeting your customers to commit it. This guide will...

  Infographic

Fraud Schemes & Scams

Financial institutions need to be on the lookout for fraudsters who use a variety of ploys to swindle individuals. These schemes and scams can generate millions in illicit funds and...

  Archived Webinar

ACAMS Webinar
Cybercrime: A Prominent and Growing Financial Crime Threat

Originally Presented: December 8, 2016

“Great overview of cybercrimes currently effecting financial institutions. Also, good example of real case; this was extremely insightful.” Compliance Officer, JP Morgan “ Each webinar from these presenters is educational,...

  Blog

U.S. Wire Fraud Case: Multiple Companies and Multiple Banks Exploited

October 10, 2016 by Denise Hutchings

Wire fraud that emanates from the combination of identity theft and email compromise has skyrocketed to an escalated threat level in the class of evolving cybercrimes which exploit both financial...

  Archived Webinar

Tricks of the Cyber-Trade: Email Compromise Fraud Schemes

Originally Presented: October 5, 2016

Business Email Compromise (BEC) and Email Account Compromise (EAC) are among the growing trends of cyber-enabled crime adversely affecting financial institutions — with $3.1 billion worldwide in exposed dollar losses...

  Infographic

E-mail Compromise Fraud Schemes

E-mail compromise fraud consists of schemes where criminals compromise a victim’s e-mail account and send fraudulent wire transfer instructions to Financial Institutions (FIs). This infographic highlights key facts and figures...