Fighting Fraud: Innovative Solutions to Detect & Disrupt Emerging Crimes

Originally 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... 

Check Fraud is a Growing Problem – Financial Institutions Need a Solution

June 12, 2023 by Nasdaq 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... 

Check Fraud & Check Kiting

Even with the rise in digital channels, criminals still use stolen and counterfeit checks and kiting schemes to cause financial institutions extensive losses. In-clearing check... 

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... 

Criminals Cash in on Stolen Checks: FinCEN Releases 10 Red Flags for Mail-Related Check Fraud

March 24, 2023 by Nasdaq 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,... 

2022 Fraud Trends & Technology

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... 

2022 Fraud Trends & Technology

Originally 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... 

Preventing Losses from Check Kiting and Check Fraud Schemes

Fraudsters are using tried-and-true methods to perpetrate fraud. From stolen checkbooks and near-perfect counterfeits to elaborate kiting schemes, in-clearing or on-us check fraud remains a... 

Fraud Trends and Technology

January 12, 2022 by Nasdaq 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... 

Keynote – Consortium Approach: Combating Fraud with Big Data

Originally Presented: October 18, 2021

Fraudsters are targeting all available transaction channels for their gain, exploiting customers and financial institutions with sophisticated Business Email Compromise attacks on wire and ACH...