Importance of Wire Transfer Security

Wire transfers offer a great solution for transferring money between two parties in a matter of minutes – and all you need is a banking account and routing number. With the click of a button, money will leave one account and transfer to another, regardless of the banking institution. Businesses around the globe use these […]

Can a Wire Transfer Be Reversed?

Fraudulent scams are at every turn. It’s no surprise that wire transfers – one of the fastest, easiest ways to send money – can be a target. Though, many businesses around the world use wire transfers to send and receive money every day.  Once you send a wire transfer, the chance of wire transfer reversal […]

Money.com – I Almost Lost $50,000 to a Real Estate Scam

“These spoofed emails are not the typical scam emails with misspellings and typos,” says Andy White, CEO of Closinglock, which helps title companies ward off wire fraud. “These are targeted, well-crafted spoofed emails that look like they are from the title or escrow company or attorney office. When there are hundreds of thousands or millions […]

How to Report Wire Fraud

As technology continues to grow at an unprecedented pace, internet hackers have found more and more opportunities to target unsuspecting victims. While it’s important to stay vigilant to ensure you don’t fall for these schemes, knowing how to report wire fraud is essential if you ever fall victim to a scam. What is Wire Fraud? […]

What Is Wire Fraud?

Every year, fraudsters swindle people, businesses, and even the government out of billions of dollars. The majority of these scams occur through telecommunications, meaning it is more important than ever to stay vigilant to ensure you don’t fall victim to wire fraud. Types of Fraud In general, fraud can be defined as any type of […]

Key Takeaways From the FBI’s 2020 Internet Crime Report (IC3)

For those of us with a vested interest in reducing the number of internet-based crimes, last year’s Internet Crime Report is a sobering reminder that there’s still much work to be done, both in educating consumers and in safeguarding their interests. Here are some of the most important takeaways from the FBI’s 2020 Internet Crime […]

Why Isn’t Real Estate Wire Fraud Insured?

Wire fraud has been in the news a lot lately, but if you’re a little bit hazy on the details, you’re not alone. Most people have heard of wire fraud before, but fewer understand what it is and why it’s becoming increasingly common. Below, we answer some common questions asked about wire fraud and wire fraud […]

How to Prevent Fraud During the Holidays

It’s a busy time of year for everyone, including scammers. Unfortunately, the season of giving has also become a popular season for taking, with holiday scammers preying on online shoppers frantic to get that hit toy that’s sold out everywhere or to place their orders before shipping deadlines. Here are some tips from the FBI on how […]