'Masquerading': New Wire Fraud Scheme

A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.

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Once inside and posing as company executives, the criminals could send e-mails to the bank to request wire transfers from the business's account to a bogus account.

Is your firm susceptible to this attack?