In today’s digital age with the prominence of social media, targeted email phishing has become increasingly common in aiding wire transfer fraud. Wire transfers continue to be an attractive target of fraudulent activity due to the speed and finality of payment, as well as the lack of internal controls and employee education in how to avoid wire transfer fraud.
Today we will give some tips and guidance on following best practices to minimize personal and business risk.
In today’s digital age with the prominence of social media, targeted email phishing has become increasingly common in aiding wire transfer fraud. Wire transfers continue to be an attractive target of fraudulent activity due to the speed and finality of payment, as well as the lack of internal controls and employee education in how to avoid wire transfer fraud.
Today we will give some tips and guidance on following best practices to minimize personal and business risk.