Nasdaq Verafin has partnered with Q6 Cyber to combine dark web monitoring with consortium transaction data on a single platform, aiming to help banks and credit unions spot fraud threats before they materialise.
The partnership addresses a longstanding weakness for financial institutions, which have typically only been able to detect fraud after it has already occurred.
By pairing Q6 Cyber’s monitoring of dark web marketplaces, deep web forums, and encrypted messaging channels with Nasdaq Verafin’s own network of insights, the two firms intend to give clients earlier sight of compromised checks, payment cards, and online banking credentials before they are used fraudulently.
The integration will see Q6 Cyber’s dark web intelligence built directly into Nasdaq Verafin’s existing fraud and anti-money laundering platform, meaning financial institutions will receive this data within the same investigative workflow they already rely on.
Q6 Cyber’s monitoring spans hundreds of thousands of financial crime sources, and over the past 18 months it has gathered more than 1.2 million compromised checks, 57 million unique compromised credentials, and 158 million compromised payment cards.
Because this intelligence is sourced directly from the communities trading stolen data, the companies say alerts can reach institutions within minutes to hours of data surfacing on the dark web, well ahead of any resulting fraud attempt.
This dark web visibility will sit alongside Nasdaq Verafin’s consortium data network, which spans more than 2,800 financial institutions and over 850 million counterparties. Together, the companies say the combined intelligence will give banks and credit unions a more complete view of fraud risk, supporting both prevention before losses occur and faster mitigation when suspicious activity is already in motion.
Colin Parsons, head of fraud product strategy at Nasdaq Verafin, said, “Financial institutions have long been at a structural disadvantage when it comes to fraud, as they can only see threats once they arrive. By integrating Q6 Cyber’s capabilities directly into Nasdaq Verafin, we are giving our clients the ability to identify fraud threats before the first fraudulent transaction is ever attempted. That kind of proactive protection is what banks and credit unions need to stay ahead in a threat environment that’s evolving faster than traditional defenses.”
Q6 Cyber CEO Eli Dominitz said, “Access to these sources and communities is not something you can buy or crawl. Our intelligence is highly impactful because over the past ten years, we have built a massive network of proprietary sources deep inside the dark web, going after the threat actors that target financial institutions.
“With first-hand access, every piece of intelligence we deliver is a confirmed compromise or threat rather than an exposure score. Bringing that into Nasdaq Verafin puts it in front of the fraud fighters who can act on it days or weeks before the fraud event even occurs.”
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