Search

Tag: Deposit Fraud

Posts by Most Recent

  Blog

Romance Fraud Scams

July 9, 2017 by Verafin

Crime prevention is regularly focused on statistics and numbers. High dollar losses make for eye-catching headlines, sometimes making it easy to forget that fraud has a very human impact. If there is one thing we know about criminals, it’s that... 

  Blog

Six things to consider when investigating check deposit fraud

February 6, 2017 by Verafin

Good ol’ checks. Even though their use continues to decline, they’re still a thorn in the side of fraud investigators. The Federal Reserve Payments Study 2016 shows the number of check payments in 2015 fell to 17.3 billion, down 2.5... 

  Blog

Preventing thousands of dollars in fraud loss through early detection

November 21, 2016 by Verafin

The ability to detect deposit fraud early and take decisive action is more important for financial institutions (FIs) than ever before. In its biennial 2015 Deposit Account Fraud Survey, conducted with commercial and savings banks, the American Bankers Association (ABA)... 

  Blog

15 Red Flags for New Account Fraud

July 14, 2015 by Denise Hutchings

Compromised credentials from a data breach or malware are frequently exploited by financial criminals to perpetrate new account fraud. The agency [FBI] used to learn about a new, large-scale data breach every two or three weeks. “Now, it is close...