Phishing and social engineering attacks to divert wire transfers or invoice payments are not new fraud techniques, but they have recently taken a back seat to ransomware as posing the greatest ...

October is Cybersecurity Awareness Month, the perfect time to provide some common-sense tips to avoid a common risk facing businesses: business email compromise and wire fraud. Businesses of all ...

Tim Myers was about to close on a home in Fort Wayne, Indiana, when the email he’d been expecting popped into his inbox. His mortgage loan officer sent wire instructions for his down payment, along ...

Financial institutions continue to battle cyberattacks, particularly hackers who tap into the fiscal electronic freeway used to move large sums of money for real estate deal closings and other ...

These two types of transfers are best done in person to avoid getting scammed. The bank teller or manager knows which red ...

The FBI recently reported that their Internet Crime Complaint Center received over 21,000 complaints of business emails being compromised by hackers in 2022. Adjusted losses from these events are ...

Before the rise of payment apps and digital wallets, wire transfers were a go-to payment method for customers who needed to send money without handing over cash, and they're still a valid option today ...

CHICAGO (WLS) -- Imagine saving for years for a new home and then having your down payment disappear in the blink of an eye. Real estate wire fraud is now among the fastest growing scams in the U.S.

Use a Wire Transfer Request form to pay foreign vendors who do not bank in the United States. In other words, wire transfers are meant to send monies internationally, otherwise your payments can be ...