Wire transfer fraud: Is your company vulnerable?
Are you prepared to address wire fraud?
Criminals can and regularly do take advantage of the inherent weakness of email systems. Companies using email that has been implemented without authentication services may be at risk for email spoofing or forgery. When it comes to an email initiation and approval of a wire transfer, criminals may have an opportunity to initiate wire transfers for their benefit. When that happens, millions of dollars can be lost through fraudulent wire transfers.