Archived WebinarFraud Schemes & ScamsOriginally Presented: April 24, 2024 Fraudsters are adapting to technology advances and targeting your customers with a variety of illicit tactics. With authorized push payment fraud scenarios such as Business... |
Fact SheetVerafin Helps Top Institution Prevent $9.6M in Potential Fraud LossesFinancial institutions need solutions that keep pace with evolving payments fraud schemes. A financial institution in the top 25 of U.S. financial holding companies who sought... |
BlogACH Fraud: NACHA Promotes Detection Across TransactionsApril 23, 2024 by Verafin Last year, NACHA’s ACH Network saw its eleventh straight year of growth exceeding $1 trillion as demand from consumers for electronic payments increased — and fraudsters are following the money. As Business Email Compromise (BEC) and other authorized push payment... |
InfographicArtificial Intelligence: Outsmarting Financial CrimeArtificial Intelligence (AI) is a powerful, dynamic solution that offers benefits to help fight modern financial crime. Financial Institutions are increasingly utilizing AI-driven fraud, money... |
BlogBeyond Alerts: Lessons from the Case of a BEC MastermindApril 17, 2024 by Verafin Business Email Compromise (BEC) is among the greatest threats to our financial system, linked to $6.7 billion in losses globally and over 20,000 complaints to the FBI last year. Beyond alerts and compliance documents, financial professionals are the bedrock protecting... |
BlogCombating Complex Check FraudApril 12, 2024 by Colin Parsons Check fraud is often viewed as an outdated crime — but these scams are in fact becoming highly sophisticated and causing significant losses. In 2023, there was $21B in check fraud losses in the Americas, representing nearly 80% of total... |
Event: DemoVerafin Fraud Detection & Management — Jack HenryMay 2 at 12:30 PM - 01:30 PM ESTAs fraud grows more complex, siloed teams, spreadsheets and core reports are now largely ineffective for detection and prevention. To stay ahead, financial institutions must... |
BlogHuman Trafficking: A Humanitarian CrisisApril 2, 2024 by Verafin “$350 billion dollars from human trafficking. Imagine how many victims had to suffer — sweat, blood, and tears — for $350 billion dollars.” – Timea Nagy, Human Trafficking Activist & Survivor Human trafficking is a global humanitarian crisis. At any... |
BlogDark Web: Inside the Internet’s UnderworldMarch 20, 2024 by Verafin “Injustice anywhere is a threat to justice everywhere.” – Martin Luther King Jr. The cloak of anonymity can be used to protect someone from scrutiny or to conceal the worst human behavior imaginable. The dark web, originally conceived to allow... |
