InfographicWire FraudWire fraud is a growing threat for financial institutions – as fraud schemes continue to evolve and become more sophisticated, with high-value, irrevocable transfers at... |
BlogCrossing Boundaries: The Expansive Threat of BECMay 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,... |
BlogCrime Trends & Technology: Reflections & Perspectives for 2021December 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... |
Infographic10 Tips for Financial Crime Management during the COVID-19 CrisisThe 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 SheetCOVID-19-Related Wire Fraud DetectionWire 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... |
BlogTaking Quick Action Against COVID-19 CrimesMay 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... |
VideoUnusual Access – Reconnaissance AgentA 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... |
VideoUnusual Outgoing Wire – Business AgentWith 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... |
VideoUnusual Access – ACH AgentOnline customer accounts are a serious target for sophisticated cybercriminals looking to commit unauthorized transfers. Once an online account has been breached, money can be... |
