BlogAI & Large Language Models: Great Power Requires Greater ResponsibilityOctober 11, 2023 by Verafin “Artificial intelligence is one of the most powerful technologies of our time, with broad applications. President Biden has been clear that in order to seize the opportunities artificial intelligence presents, we must first manage its risks.” The White House, 2023 ... |
Archived WebinarAdvancing the Fight Against Business Email Compromise & Elder Financial Abuse with Consortium AnalyticsOriginally Presented: September 20, 2023 As criminal tactics evolve, financial institutions are struggling to keep pace. Scams such as Business Email Compromise (BEC) and elder financial abuse are costing Americans... |
BlogBusiness Email Compromise: Tracing the Lineage of a $50B Fraud ProblemAugust 21, 2023 by Verafin Across the financial industry, few scams are as notorious as Business Email Compromise (BEC), and for good reason. The Internet Crime Complaint Center (IC3) has announced that since 2013 losses attributed directly to BEC surpassed $50B, representing a nearly 6300%... |
Feature SheetReal-Time Payments Fraud Detection for TCH RTP®As real-time payment options grow, fraudsters will look to migrate well-known scams such as Business Email Compromise (BEC) to these channels. Verafin’s Real-Time Payments Fraud... |
InfographicTackling Financial Crime TogetherA single institution fighting financial crime in isolation cannot see the full picture of customer activity, leaving your customers vulnerable to fraud and money laundering... |
Case StudyOnline Romance, Real ConsequencesScammers will use any method possible to defraud their victims – including exploiting their emotions and trust. In this anonymized Case Study from the Verafin... |
Archived WebinarQuarterly Cloud Insights Uncovered Q2 2023Originally Presented: June 28, 2023 ...assets. This insightful webinar will include highlights from our Wire Fraud Benchmarking Report for Q2 2023, featuring valuable insights and benchmarking data on wire payments. Our experts will take a... |
ReportQuarterly Cloud Insights Q2 2023Criminals are prolific and persistent in their attempts to defraud their victims. At Verafin, we know the first step in protecting financial institutions from these... |
Archived WebinarFighting Fraud: Innovative Solutions to Detect & Disrupt Emerging CrimesOriginally Presented: June 22, 2023 Fraud is growing increasingly complex. Amid sophisticated authorized push payment scams, surging check fraud, and with limited visibility into illicit activity, collaboration between financial institutions... |
