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Making Progress in the Fraud Fight

20 incidents of wire fraud hit small and mid-sized U.S. businesses after online banking credentials were compromised. Most of the affected small-businesses held accounts with community banks and credit unions. Banks and commercial customers are more often working together, and are catching fraudulent requests for funds transfers sooner. One nonprofit in Omaha, Neb., reported being hit with thousands in fraudulent ACH transactions, after one of its employees fell victim to a phishy e-mail, unleashing a malware attack that subsequently provided hackers access to its payroll system.”]

Source: https://www.inforisktoday.com/blogs/making-progress-in-fraud-fight-p-1048

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