Wire fraud losses often aren’t protected by the FDIC or the Electronic Funds Transfer Act. Here’s what banks cover, what they don’t, and when insurance may help.

(KTLA) – According to the FBI, about $2 billion is lost annually to wire-transfer fraud. Some cases involve newfangled payment apps, such as Zelle, while others rely on traditional fund transfers from ...

For years, courts faced with the question of who is liable for unauthorized wire transfers have turned to the familiar provisions of Article 4A of the Uniform Commercial Code (“UCC”). Those provisions ...

October is Cybersecurity Awareness Month, the perfect time to provide some common-sense tips to avoid a common risk facing businesses: business email compromise and wire fraud. Businesses of all ...

Wire fraud is one of the fastest growing types of cyber threats – a 2024 ABA Banking Journal survey found 63% of U.S. companies have experienced at least one incident, with billions of dollars in ...

Global fraud has cost companies 8% of revenue; small businesses are especially vulnerable. Common scams include phishing, chargeback, return, merchant, and wire transfer fraud. Vigilance, strong ...

St. Johns County has issued an urgent warning about a wire transfer scam targeting residents interacting with the St. Johns County Growth Management Department. The scam involves fraudulent messages, ...

The Norwood Police Department is warning residents to be aware of wire-transfer scams after recent reports of elderly residents being targeted and suffering "significant financial losses." In a ...

If you’re a small business owner in New Jersey, there’s a good chance someone may try to scam you. From fake vendor invoices to AI-generated imposters to spoofed emails, local companies are facing a ...

If you've ever tried to wire a large amount, you've probably experienced that moment when the teller pauses and says they need to "check something." That pause isn't random. Anything near or above $10 ...