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... 

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... 

Investing in the Future

A Southwestern United States Credit Union Assets: $5B-9B • Core Banking System: Jack Henry – Symitar Episys “This past year, with Verafin’s support, we identified... 

10 Tips for Financial Crime Management during the COVID-19 Crisis

The COVID-19 crisis has created enduring challenges for financial institutions nationwide. From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise (BEC) attacks,... 

Economic Stimulus Payments Targeted by Fraudsters

May 8, 2020 by Nasdaq 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 as well as unmatched prospects for fraud, misuse of the funds,... 

Taking Quick Action Against COVID-19 Crimes

May 4, 2020 by Nasdaq 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 or limiting branch access and large numbers of citizens still sheltering... 

“Tell Me About Yourself.” Employment Scammers Targeting PII

February 27, 2020 by Nasdaq Verafin

“While hiring scams have been around for many years, cyber criminals’ emerging use of spoofed websites to harvest [personally identifiable information] (PII) and steal money shows an increased level of complexity.” – Internet Crime Complaint Commission (IC3) Public Service Announcement...