Payments Fraud: Collaborating to Combat an Industry Challenge

Financial institutions are struggling to stay ahead of evolving scams on multiple payment rails, from wire to ACH, instant payments and check, with criminals leaning... 

Instant Payments Fraud Detection for TCH RTP® and FedNow Service

Fraudsters are eager to exploit the speed and convenience of instant payment channels for their gain. Discover Verafin’s Instant Payments Fraud solution for TCH RTP®... 

Romance & Relationship Fraud: Experts Answer Your Questions

Download the slide deck from our Q&A session with Fraud Awareness & Victim Support Advocate Debby Montgomery Johnson and Colin Parsons, Head of Fraud Product... 

Romance & Relationship Fraud: Experts Answer Your Questions

Originally Presented: May 15, 2024

Fraud Awareness & Victim Support Advocate Debby Montgomery Johnson and Colin Parsons, Head of Fraud Product Strategy at Verafin, answer audience questions on romance scams... 

Nasdaq Verafin Helps Top Institution Prevent $9.6M in Potential Fraud Losses

Financial 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... 

Human Trafficking: A Humanitarian Crisis

April 2, 2024 by Nasdaq 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... 

Business Email Compromise: A Global Menace

March 14, 2024 by Nasdaq Verafin

First identified in the early 2010s by the FBI as a financial cyber threat, Business Email Compromise (BEC) has evolved into a global menace to the integrity of our financial system. Nasdaq’s 2024 Global Financial Crime Report attributed $10 billion... 

Increased Use of Virtual Currency in Human Trafficking

March 5, 2024 by Nasdaq Verafin

Criminals will exploit the most vulnerable in society for significant financial gain. According to Nasdaq’s Global Financial Crime Report, in 2023, $346.7B of illicit funds was linked to human trafficking activity – although this number is likely only a fraction... 

Elder Fraud: Prevalent & Preventable

March 4, 2024 by Nasdaq Verafin

Elder fraud is unquestionably reprehensible, but its prevalence is remarkably high. An estimated ​1 in 10 elderly Americans are abused each year, and in Nasdaq’s 2024 Global Financial Crime Report, $77.7 billion of all reported global fraud was linked to elderly victims.... 

Turning the Tide: Expert Insights on $3.1T in Financial Crime

February 23, 2024 by Nasdaq Verafin

Focusing on striking revelations from the recently released Nasdaq 2024 Global Financial Crime Report, Verafin hosted an expert panel presentation on the implications of over $3.1 trillion in illicit money that flowed through the financial system in 2023.  This special...