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  •   Wire Fraud

  Event: Virtual Conference

Consortium Approach: Combating Fraud with Big Data

October 18 at 01:30 PM - 03:30 PM EST

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... 

  Event: Demo

Wire Fraud Detection: Targeted Analytics with Payee Confidence in the Cloud

September 23 at 12:30 PM - 01:30 PM EST

Conventional fraud detection approaches focus primarily on high-value wires, international transfers, or new beneficiaries resulting in a large volume of false positive alerts and increased... 

  Infographic

Wire Fraud

Wire fraud is a growing threat for financial institutions – as fraud schemes continue to evolve and become more sophisticated, with high-value, irrevocable transfers at... 

  Product Brochure

Real-time Wire Fraud Detection

The dollar value and international nature of many wire transfers make them inherently risky. With criminal schemes such as Business Email Compromise (BEC) continuing to... 

  Blog

Crossing Boundaries: The Expansive Threat of BEC

May 20, 2021 by Verafin

“For five years in a row, BEC is responsible for the most financial losses reported to the FBI. We have no reason to believe that 2021 will be any different.” Agari, 2021 As the industry rebounds from a challenging year,... 

  Blog

Crime Trends & Technology: Reflections & Perspectives for 2021

December 16, 2020 by Verafin

In a recent year-end presentation, we explored the unrelenting challenges of 2020, the trends and technology developments throughout the year, and offered an overview of how recent industry threats may continue into the future. The following highlights and related resources will... 

  Infographic

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,... 

  Feature Sheet

COVID-19-Related Wire Fraud Detection

Wire fraud, including Business Email Compromise (BEC), is a growing threat during the COVID-19 crisis as criminals exploit disrupted business processes, cloud-based email services and... 

  Blog

Taking Quick Action Against COVID-19 Crimes

May 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...