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 or limiting branch access and large numbers of citizens still sheltering... |
VideoUnusual Access – Reconnaissance AgentA cybercriminal’s end goal is to siphon funds out of a victim’s online bank account. Once they gain access to the online account they will... |
VideoUnusual Outgoing Wire – Business AgentWith criminal schemes such as Business Email Compromise a growing problem, institutions need enhanced monitoring to prevent serious loss. This short video highlights Verafin’s targeted... |
VideoRisky Online Banking Setup AgentConfidence scams, like romance or job scams, are a growing ploy by fraudsters to establish trust with a victim with the end goal of obtaining... |
VideoUnusual Access – ACH AgentOnline customer accounts are a serious target for sophisticated cybercriminals looking to commit unauthorized transfers. Once an online account has been breached, money can be... |
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 in place to minimize the impact of a pandemic and ensure... |
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 as an opportunity to get rich quick.” – U.S. Attorney General... |
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 report suspected fraudulent activity. On March 16, 2020, FinCEN released a... |
Blog“Tell Me About Yourself.” Employment Scammers Targeting PIIFebruary 27, 2020 by 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... |
Archived WebinarFraud Scams: Red Flags & Best Practices to Prevent LossOriginally Presented: February 25, 2020 From mass marketing fraud, to romance and work-from-home scams, and even business email compromise, savvy fraudsters are adapting to ever-changing technology and targeting your customers... |
