BlogIndustry Advisory: Detecting and Reporting COVID-19-Related Medical ScamsMay 25, 2020 by Verafin On May 18, the Financial Crimes Enforcement Network (FinCEN) released a new Advisory on Medical Scams Related to the Coronavirus Disease 2019 (COVID-19) to alert financial institutions to emerging... |
Feature SheetCOVID-19-Related Stolen Stimulus Payment DetectionThe Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic stimulus package in U.S. history — and a potential windfall for criminals seeking to intercept and reroute... |
Feature SheetCOVID-19-Related Wire Fraud DetectionWire fraud, including Business Email Compromise (BEC), is a growing threat during the COVID-19 crisis as criminals exploit disrupted business processes, cloud-based email services and more. Financial institutions must vigilantly... |
InfographicA Surge in ScamsOpportunistic criminals are leveraging the COVID-19 pandemic for their gain, preying on heightened consumer fear and anxiety during the crisis. With schemes related to COVID-19 surging, financial institutions must remain... |
InfographicChallenges & Change in the COVID-19 CrisisFrom remote work to surging first-time online banking users, the COVID-19 pandemic has had a widespread impact on customer behavior and compelled institutions to adopt new business-as-usual processes. However, these... |
BlogEconomic Stimulus Payments Targeted by FraudstersMay 8, 2020 by 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... |
BlogTaking Quick Action Against COVID-19 CrimesMay 4, 2020 by 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... |
BlogImpact of COVID-19 Crisis on Financial Crime Management ProgramsApril 6, 2020 by Verafin As COVID-19 continues to impact financial systems around the globe, early reports are emerging on how the pandemic is affecting financial crime management programs. Financial institutions should have processes... |
BlogFighting Fraud Scams in the COVID-19 CrisisApril 1, 2020 by Verafin “While this crisis has brought out the best in most Americans, there appear to be a few unfortunate exceptions. We will not tolerate bad actors who treat the crisis... |
BlogFraud Risks in Turbulent TimesMarch 20, 2020 by 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... |
