COVID-19: Wire Transfer Risks & Cyber Security

May 15, 2020

During this pandemic, cybercriminals have become successful through business email compromise scams that result in wire transfers to unauthorized accounts. With more individuals working remotely and unable to utilize their standard payment procedures, cybercriminals are applying social engineering techniques to transfer large sums of money and cause financial harm. To help assist your organization in preventing cybercrime and avoid making fraudulent wire transfers, please click here for risk management tips that can be shared with your accounting staff.

For additional COVID-19 resources and risk management recommendations, please visit our COVID-19 Risk Management Center.

A PDF of the above information can be found here.

Margaux Weinraub, CPCU, ARM
Cyber Account Manager
The Graham Building
Philadelphia, PA 19102
215.701.5404
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