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Greg Woolf

Greg Woolf

CEO at Fiverity
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Collaboration: Your Best Line of Defense Against Fraud

20 Jul 2022

When harnessed correctly, collaboration is an extremely powerful tool. It drives innovation, increases chances of success, improves communication...the list goes on. But did you know that collaboration is also the financial services industry’s best line of defense when it comes to meeting one of its greatest challenges – detecting digital fraud? ...


The Human Cost of Digital Fraud

09 Mar 2022

While the massive financial cost of digital fraud is broadly understood – AFCE estimates that 5% of revenue across industries is lost to fraud – there’s less awareness regarding how this theft funds criminal activity worldwide. The Digital Fraud and Organized Crime Connection The fact that only 5-15% of synthetic loan applications are caught by leg...

Exposing Financial Crime

In The World of Cyber Fraud, Legacy Solutions Aren't Enough

03 Nov 2021

By combining fraudulent theft with cyber tactics, Synthetic Identity Fraud (SIF) has emerged as the fastest-growing financial crime. How big is the problem? Based on insights from our Cyber Fraud Network, FiVerity estimates losses among U.S. banks grew to $20 billion last year. A key factor in SIF’s growth is its ability to evade traditional fraud...