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... |
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... |
BlogCheck Fraud is a Growing Problem – Financial Institutions Need a SolutionJune 12, 2023 by Verafin “In 2022, banks saw an 84% increase in check fraud, costing consumers an estimated $815 million.” – Senate Committee on Banking, Housing, and Urban Affairs, 2023 Even though check use is declining in the U.S., incidents of check fraud and... |
Feature SheetCheck Fraud & Check KitingEven with the rise in digital channels, criminals are still using stolen and counterfeit checks and kiting schemes to cause financial institutions extensive losses. In-clearing... |
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... |
BlogCriminals Cash in on Stolen Checks: FinCEN Releases 10 Red Flags for Mail-Related Check FraudMarch 24, 2023 by Verafin Mail-related check fraud is surging. In 2022, check fraud-related SARs filed to FinCEN reached over 680,000, almost doubling the previous year’s number of filings. In response to a nationwide surge of stolen check fraud schemes targeting the U.S. mail system,... |
Archived Webinar2022 Fraud Trends & TechnologyOriginally Presented: December 8, 2022 With the continuing rise in digital banking and increased demand for consumer convenience, 2022 has seen significant challenges as fraudsters capitalized on opportunities to exploit... |
BlogFraud Trends and TechnologyJanuary 12, 2022 by Verafin Financial institutions face increasing challenges to keep pace with evolving financial crime, and 2021 revealed that fraud is moving faster than ever. In a year-in-review presentation, we explored the top fraud trends of 2021 identified in the Verafin Cloud, the... |
