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Best Practices On How To Prevent Wire Transfer Fraud: Always verify the authenticity of each wire transfer request. ... Implement a call-back verification process when setting up payment instructions for a new vendor or making changes to payment instructions for an existing vendor.
Best Practices On How To Prevent Wire Transfer Fraud: Always verify the authenticity of each wire transfer request. Call the person, using a number you have previously called \u2014 not one from the current wire transfer request \u2014 to verbally verify it.
Log in to Online Banking to view your Security Meter level. Keep your contact information up to date. ... Create the strongest possible passwords. ... Allow push alerts on the Mobile Banking app. ... Protect your devices. ... Enable biometrics (fingerprint sign-on or facial recognition) ... Know the red flags that signal a scam.
Tell them it was a fraudulent transfer. Ask them to reverse the wire transfer and give you your money back. If you sent the wire transfer through your bank, contact them and report the fraudulent transfer. Ask if they can reverse the wire transfer and give you your money back.
If you receive an email requesting that you send money in connection with your closing, even if it's from a familiar source, STOP. Call your real estate or settlement agent to discuss. Do NOT use phone numbers or links in the email.
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They typically target real estate agents, title and settlement providers, or the actual buyer or seller involved in the transaction. Once they have access to someone's email account, everyone involved in the transaction is exposed to potential fraud.

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