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 ...

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.

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 ...

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 ...

Wire fraud is a crime involving schemes to defraud or obtain money, property or services through electronic communications such as telephone calls, text messages or emails. In real estate, fraudsters ...

I’ve never been a detective, FBI agent, private investigator, or internet security analyst. But despite this lack of accreditation and work experience, I do know that you have to be aware of hackers ...

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 ...

A wire transfer is a method of sending money from one bank account to another, whether it’s to yourself or someone else. Wire transfers can be sent domestically or internationally but they are one of ...