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  •   Wire Fraud

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Fraud Detection & Management

From Business Email Compromise (BEC) to elder financial abuse, criminals are placing increased pressure on financial institutions with complex fraud scams. More than ever, a proactive and holistic approach to...

  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, financial crime management teams are...

  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 more. Financial institutions must vigilantly...

  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...

  Video

Unusual Access – Reconnaissance Agent

A 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 often make demographic changes to...

  Video

Unusual Outgoing Wire – Business Agent

With 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 agent for Unusual Outgoing Wire...

  Video

Unusual Access – ACH Agent

Online customer accounts are a serious target for sophisticated cybercriminals looking to commit unauthorized transfers. Once an online account has been breached, money can be moved very quickly. This short...

  Blog

Fraud Risks in Turbulent Times

March 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...

  Blog

“Tell Me About Yourself.” Employment Scammers Targeting PII

February 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...

  Blog

Heartbreaking: Romance Scams on the Rise

February 14, 2020 by Verafin

  “In 2018, confidence/romance fraud was the seventh most commonly reported scam to the [Internet Crime Complaint Centre (IC3)] based on the number of complaints received, and the second...