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10/08/2025
As Global Fraud Losses Hit Historic $1.03 Trillion, Velera Launches Multi-Layered Defense Platform
CU Today
ST. PETERSBURG, Fla.--With criminals stealing a record-shattering $1.03 trillion worldwide in 2024 —the largest wealth transfer to fraud ever recorded — Velera has introduced its new Risk Mitigation Ecosystem, a cloud-based, multi-layered approach to fraud prevention and detection.
"Representing the next evolution of Velera’s industry-leading risk platform hub, Velera’s Risk Mitigation Ecosystem is designed to protect credit unions and their members from an increasingly complex landscape of fraud, including new and emerging threats like consumer-engaged fraud and scams," Velera said.
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