BlogUnreal Identities Leading to Real CrimesFebruary 4, 2019 by Verafin Synthetic identity fraud has become a vehicle for fraudsters to commit a host of financial crimes, such as account fraud, loan fraud or online banking fraud. Criminals combine real and fabricated identification information to create synthetic or fake identities which... |
InfographicUncovering Crime Rings in the CloudThis infographic provides an overview of a real-life crime ring active for more than 8 years, spanning 32 institutions, involving 29 entities, and representing potential... |
BlogUnmasking online account takeoverDecember 19, 2017 by Verafin The intersection of fraud and online banking accounts continues to be big business. With our dependence on smart phones and as the Internet continues to seemingly expand into every aspect of our lives, criminals are fashioning masks molded from stolen... |
BlogU.S. Court Case: 5 Cyber-Enabled Financial CrimesDecember 4, 2016 by Denise Hutchings Last week, U.S. authorities in conjunction with international law enforcement issued a press release on the dismantling of a cyber criminal infrastructure known as Avalanche. A joint statement by U.S. agencies noted that “this network hosted more than two dozen... |
InfographicCyber Crime: A Growing ThreatThe threat to the U.S. financial system from cybercriminals is always evolving. This infographic highlights the growing threat of cybercrime with data from the Internet Crime Complaint Center (IC3), and... |
BlogU.S. Wire Fraud Case: Multiple Companies and Multiple Banks ExploitedOctober 10, 2016 by Denise Hutchings Wire fraud that emanates from the combination of identity theft and email compromise has skyrocketed to an escalated threat level in the class of evolving cybercrimes which exploit both financial institutions and their customers. To help shine a spotlight on... |
Archived WebinarPreparing your Fraud Program for the FutureOriginally Presented: August 24, 2016 In this 30-minute presentation, Mauriceo Castanheiro, Director of Fraud Analytics, discusses the evolution of card fraud, the impact of EMV technology on financial institutions today,... |
BlogEMV Transition: Get Ahead of the ATM Liability ShiftJuly 6, 2016 by Verafin With the transition to EMV firmly underway in the United States, we thought it would be a good time to discuss progress and the potential impact to your card fraud programs. Liability Shift As of October 2015, Liability Shift (LS)... |
Archived WebinarDetecting Suspicious Activity during Tax Filing SeasonOriginally Presented: January 26, 2016 Tax Refund Fraud is a multifaceted, growing crime — in 2013 over $5.8 billion in fraudulent refunds was processed. With Suspicious Tax Fraud analysis in Verafin,... |