Understanding and preventing wire & ACH fraud

Fraudsters continue to find weaknesses in authentication processes to obtain secure information and fraudulently transfer money to themselves via a wire or ACH transaction. These attacks often originate from phishing attacks that result in fraudulent entry to a secure system with secure data.

With phishing attacks becoming more sophisticated and streamlined, ACH and wire fraud attempts are almost certain to continue in the coming years.

To better manage these fraud exposures, you will need to understand how these attacks typically occur, so you know where to look and what to do should you suspect an attack.


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