Phishing and social engineering attacks to divert wire transfers or invoice payments are not new fraud techniques, but they have recently taken a back seat to ransomware as posing the greatest ...

CHICAGO (WLS) -- Imagine saving for years for a new home and then having your down payment disappear in the blink of an eye. Real estate wire fraud is now among the fastest growing scams in the U.S.

According to the Association for Financial Professionals’ Payment and Fraud Controls report, 2017 was a record year for payment fraud. The tactics employed by scammers and other malicious outsiders ...

Tim Myers was about to close on a home in Fort Wayne, Indiana, when the email he’d been expecting popped into his inbox. His mortgage loan officer sent wire instructions for his down payment, along ...

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.

There’s a fine art to learning how to wire money. Once perfected, wiring money can be a useful tool in expediting payments quickly, without having to resort to paper checks or adding to burdensome ...

I’ve never been a detective, FBI agent, private investigator, or internet security analyst. But despite this lack of accreditation and work experience, I do know that you have to be aware of hackers ...

Financial institutions continue to battle cyberattacks, particularly hackers who tap into the fiscal electronic freeway used to move large sums of money for real estate deal closings and other ...