CertifID report shows $1.4B in suspected wire fraud

CertifID announced its State of Wire Fraud report, detailing CertifID’s view into $1.4B worth of suspected fraud across more than 340,000 wire transactions. The report, which is based on proprietary data from CertifID’s wire fraud protection software and recovery services engagements, also found a 145 percent year-over-year increase in instances of reported wire fraud into the company.