Wire Fraud Detection

Financial institutions are facing rising threats from consumer wire fraud and authorized push payment scams, such as Business Email Compromise. Combining behavioral analytics with consortium... 

Fraud Detection & Management

Criminals are smarter than ever before and will use all available products and channels to exploit your financial institution. To successfully stop crime, you need... 

Banking on Deceit: Billions Lost to Cybercrime & Authorized Push Payment Fraud

April 21, 2023 by Colin Parsons

“Today’s cyber landscape has provided ample opportunities for criminals and adversaries to target U.S. networks, attack our critical infrastructure, hold our money and data for ransom, facilitate large-scale fraud schemes, and threaten our national security.” – Timothy Langan, Executive Assistant... 

Cloud Evidence Crucial Against Business Email Compromise Scam

Authorized Push Payment scams are a prevalent threat in the financial industry as criminals seek to manipulate your customers for their gain. In this anonymized... 

Quarterly Cloud Insights Q1 2023

Payment fraud is an increasingly complex threat to financial institutions and consumer customers alike. As potential liability shifts loom with possible implications for wire payments,... 

From the Cloud: Deep Insights into Wire Fraud Trends

March 15, 2023 by Nasdaq Verafin

Payment fraud is a challenge that is pervasive in the financial industry, and a threat to financial institutions of all sizes. As the talk of a liability shift for consumer-related payment fraud gains momentum within regulatory spheres, additional pressure is... 

Elder Financial Exploitation: Red Flag Indicators

Each year, countless American seniors are exploited by criminals preying on their vulnerability and accumulated wealth. With Elder Financial Exploitation rampant and on the rise,... 

Fraud Trends and Technology 2022

January 30, 2023 by Colin Parsons

Fighting Corporate Crime 

Fraudsters will exploit every opportunity for their gain, including targeting corporate customers through elaborate wire fraud scams, deception, and manipulative tactics. In this anonymized case... 

Fraudsters Focusing on Higher Value Wire Scams

January 18, 2023 by Nasdaq Verafin

Payments fraud is an increasingly complex threat to financial institutions and consumers alike. As wire fraud attempts surge against individuals, especially for seniors, there is a growing debate surrounding mandatory victim reimbursements for Authorized Push Payment (APP) fraud. With a...