CertifID’s Post

🚨 Suspect wire fraud? While we hope you never encounter it, staying informed is your best defense. Here's what to do: 🚨 1️⃣ Verify: Double-check suspicious emails or requests. 2️⃣ Pause Transactions: Stop all activities if fraud is suspected. 3️⃣ Contact: Notify your real estate agent, title and escrow company, and financial institution. 4️⃣ Report: Inform the FBI or local law enforcement. 5️⃣ Document: Keep records of all communication. Always remember, reaching out to your real estate agent and PNWT as soon as possible is crucial. Let the experts guide you through the best steps! 💡✨

Unfortunately, executing a successful fraud scheme doesn’t take a criminal mastermind. Fraudsters use simple tactics like improper fund redirection or false paperwork to exploit the large and opaque financial system. Even Bernie Madoff’s multi-billion dollar Ponzi scheme boiled down to these basic methods. This simplicity belies the complexity and expense of unraveling the fraud. Our Verified Financial Intelligence platform gives teams the tools they need to effectively manage financial evidence. By preparing and verifying complete financial histories in just hours, Valid8 allows professionals to focus on analysis and interpretation and cuts the time required for a thorough investigation. Learn more about how Valid8 shuts down pathways for fraud at the link in the comments.

We asked Derek Rae (https://bit.ly/3pYDsAh), Vice-President and Portfolio Manager at RaeLipskie, how to deal with financial fraud if it happens to you. He said the first step when realizing you have fallen victim to financial fraud is to “contact your bank or financial institution to report any unauthorized transactions”. “Freeze or cancel compromised accounts to prevent further losses and ensure you document all evidence to file a report with relevant authorities, like the police or the Canadian Anti-Fraud Centre.” Derek also recommends as a final step to “consider enlisting the help of a financial advisor or attorney to navigate the situation and protect your interests from future fraud”. To learn more about financial fraud and what you need to look out for, read our recent blog here: https://bit.ly/3V1ko78

If fraud strikes, who's the first person you'll inform? In this clip from our last webinar, Tom Cronkright, our Executive Chairman, shares why a wire fraud incident response plan (IRP) with clear roles, responsibilities, and recovery procedures is a must for every business. ▪️ Watch more on YouTube: https://hubs.la/Q02J-qvP0 ▪️ Get our free IRP template: https://hubs.la/Q02J-nCv0

Protect your business from the financial and reputational damage of employee fraud. Learn how to spot the signs, prevent fraudulent activities, and respond effectively to protect your company's assets and integrity. https://hubs.ly/Q02MW-MM0

🚨 Did you know that financial institutions reported a staggering 680,000 potential check fraud cases in 2022? 🚨 This eye-opening statistic underscores the importance of robust fraud prevention measures in today's digital age. I'm curious to hear your thoughts on this alarming trend. How do you think we can collectively combat check fraud and enhance security in financial transactions? Comment below with your insights and let's spark a conversation on safeguarding our financial systems! 💬 #CheckFraud #FraudPrevention #FinancialSecurity #digitalpayments #godigital #claimspay

What Should Title Companies Do When They Fall Victim to Payment Fraud? Payment fraud is a serious threat that can have devastating consequences for title and escrow companies. If your company becomes a victim of payment fraud, take immediate action to protect your assets and mitigate the damage caused. There are several steps to help you with the challenging situation and increase your chances of recovering your company’s financial well-being and maintaining the trust of your clients. Learn More: https://lnkd.in/gf3HP774

🔒 Safety first! Here are 6 must-know tips to shield your transactions from wire fraud. Stay informed and stay protected. Got questions? Let's Chat! ➡️ www.calendly.com/soldbynat

This video by Matt O’Neill emphasizes the need for speedy reporting of fraud loss for potential recovery of funds. The recovery of funds is an effective avenue and has saved countless lives in the process while recovering funds for fraud victims. The bad guys always lose when LEO recovers stolen money. The bad guys keeps books as well and don’t like a negative balance. Let’s keep them in the RED. #PlanPrepareProtect