Fraud Schemes & Scams: Industry Trends & Consortium-Based Solutions

Presented by

Corey Lynch, Nick Pearson

About this talk

Fraudsters are adapting to technology advances and targeting your customers with a variety of illicit tactics. With Authorized Push Payment (APP) fraud scenarios such as Business Email Compromise (BEC), elder scams and cryptocurrency investment schemes a growing concern, and organized criminal groups launching sophisticated attacks, the threat of fraud scams may be greater than ever. Join us for an engaging webinar on emerging fraud trends and how criminals have adapted to circumvent improved security and controls at financial institutions. Our experts will discuss current developments in the industry, and the role of technology, including Consortium-based Counterparty Analytics and Cross-Channel Intelligence, in preventing loss. Highlights from this industry-leading webinar include: - Insights into fraud scams perpetrated across multiple payments channels - Analysis of industry trends seen in the Verafin Cloud - Potential industry impacts of liability shift changes - The need for collaborative frameworks across the industry - The role of technology in fraud mitigation, including Consortium-based Counterparty Analytics and Cross-Channel Intelligence
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Nasdaq Verafin is the industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. 3500 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today. Verafin is the exclusive provider for Texas Bankers Association, Western Bankers Association, and CUNA Strategic Services, with industry endorsements in 48 U.S. states.