12 Red Flags for Elder Financial Exploitation

November 9, 2022 by Colin Parsons

“Financial institutions serve on the frontlines in protecting their older customers’ finances, and can play a critical role in helping to identify, prevent, and report suspected elder financial exploitation. Financial institutions’ vigilance matters. Their reporting matters.” – Himamauli Das, FinCEN... 

Liable? Consortium Solutions to Payments Fraud Change

October 28, 2022 by Nasdaq Verafin

Payments fraud is a major challenge across the financial industry — and with it has grown a significant call for legislative change. Concern over consumer-focused Authorized Push Payment (APP) scams has prompted proposals for mandatory victim reimbursement in the United... 

Understanding and Managing Payments Fraud through Consortium-based Data

Originally Presented: October 27, 2022

Today’s payments ecosystem is rapidly evolving, and financial institutions must continually improve their prevention programs to combat increasingly prevalent scams such as Authorized Push Payment... 

Ensuring a Sunny Tomorrow

As financial institutions implement more robust controls against schemes such as wire fraud, criminals respond by evolving their tactics and increasing efforts against more vulnerable... 

Halting the Cost of Compromise

In recent years, Verafin has observed a significant increase in wire and Authorized Push Payment (APP) fraud across the industry, including cases of Business Email... 

Stolen Savings

Fraudsters are constantly evolving their tactics to capitalize on changing payments technologies and target unwitting victims. In a recent scam recognized by the FBI’s Internet... 

Fighting Fraud with the Verafin Cloud

September 30, 2022 by Nasdaq Verafin

The industry leader in financial crime management, Verafin is offering trends and benchmarking statistics for wire fraud and related scams – allowing for unparalleled insight into new and emerging trends. We have gathered insights into key fraud trends by analyzing... 

Quarterly Cloud Insights Q3 2022

As financial institutions implement more robust controls against schemes such as wire fraud, criminals respond by evolving their tactics and efforts against more vulnerable customer... 

Enhanced Payments Fraud Detection using Consortium-based Data

Payments fraud is changing. Fraudsters are focusing their efforts on having your customers send a payment, rather than do it themselves. The result is an... 

Preventing Payments Fraud Loss: The Power of a Consortium-Based Approach

September 8, 2022 by Nasdaq Verafin

Payments fraud is changing, and financial institutions are facing major challenges effectively managing the growing volumes of legitimate and fraudulent transactions. Meanwhile, fraudsters are focusing their efforts on Authorized Push Payment (APP) scenarios such as Business Email Compromise (BEC), and...