Recent Posts
July 10 2019
March 1 2017
May 11 2016
February 28 2015
February 27 2015
February 26 2015
February 25 2015
February 23 2015
February 20 2015
January 27 2015
January 12 2015
December 18 2014
September 30 2014
September 23 2014
September 5 2014
August 22 2014
June 3 2014
December 19 2013
Categories
Tags
Archive
May 2016
May 2014
March 2013
July 2018
July 2019
July 2015
July 2016
November 2012
July 2012
November 2014
November 2015
September 2015
March 2019
September 2013
April 2017
October 2012
September 2017
March 2017
August 2014
January 2019
May 2018
October 2013
December 2014
May 2019
January 2015
December 2013
December 2012
February 2018
June 2014
June 2015
September 2014
June 2013
February 2015
February 2014
April 2014
PREMIER
BLOG
4 Ways to Prevent Wire Fraud
March 6 3:36 PM
Test Account

Wire transfer fraud is on the rise with criminals targeting unsuspecting businesses and consumers with increasingly sophisticated email phishing scams.  Always be vigilant when it comes to wire transfers and verify the information is from a trusted source.  Here are a few tips on wire fraud prevention:

  1. Verify every wire request: Know who you are sending your money to and the specific reason for the funds transfer.  Fraudsters typically commit wire fraud by posing as a government official, relative, or some other trusted source and tricking a consumer into willingly sending money. A common scam involves criminals attempting to defraud customers by impersonating company executives, partners, or representatives of trusted vendors through email, otherwise known as "Phishing."
  2. Verify the Authenticity of Wiring Instructions Sent from a Free Email Service: If wiring instructions are attached to an email from a free service like Gmail, Yahoo, or Aol.com, you should be on alert.
  3. Double check email addresses:  For example, john.example@abc.com might be changed to jon.example@abc.comx.  Hackers target emails with wiring instructions and use this information to send a modified email with updated directions for wiring money into their personal account.
  4. Regularly Change Your Passwords:  Updating your password on a regular basis ensures someone can’t acquire your password and use it to access your private accounts.
For a printable version of these tips, download here.