Guide: Can You See the Network Behind Your Scam Losses?

Fix what your controls can't see before the next scam loss.

Scams have long been reported and acted on one payment at a time, so credit teams absorb the loss and never trace its links or entry point. Meanwhile, the criminal network reuses the same accounts, identities and devices with your institution and others, scam after scam. Breaking that cycle starts with finding common attributes across cases, which helps you identify potential scammers sooner.

In this guide, we walk through the five layers of the scam iceberg from the account that receives the money to the criminal network behind it, to identify where you need stronger detection tools. Learn how to address those gaps and see the whole network, with identity verification, behavioral signals and network intelligence.

Highlights include:

• How the "scam iceberg" illustrates what a reported payment hides.
• What standard payee verification doesn't cover.
• Three checks per layer to test what your data shows.
• Which gaps need new tools and which need connected data.
• How to take your findings to your risk committee.
• and more!