Imagine losing over $100,000 to fraud... without realizing it for 12 days. That’s exactly what happened to the University of Central Florida when thieves hacked into a vendor’s system, rerouted payments, and overwhelmed the university’s email system to hide their tracks. By the time the fraud was discovered, the money was gone. Even after the theft, the university continued transmitting payments without proper verification, leaving them open to further risks. Gaps in payment verification and communication can have costly consequences. Read the full story and uncover how this fraud unfolded: https://hubs.ly/Q03299fL0 #FraudPrevention #PaymentSecurity #CyberSecurity #RiskManagement #CorporateFinance
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A recent cyberattack on a Michigan township exposed weaknesses in the bond-closing process, with hackers stealing over $25 million using spoofed emails. To combat such threats, the public finance industry must enhance controls, including early submission and phone confirmation of wire details, and using encrypted communication. Check out our recap: https://bit.ly/40Ay4Hf Aravind Swaminathan | Jenna Magan | Joseph Santiesteban | John Palmer | Sean Yates #CyberSecurity #PublicFinance #WireFraud #DataProtection
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Cybersecurity is so relevent right now. This article gives some tips on how to avoid becoming a victim of fraud.
A recent cyberattack on a Michigan township exposed weaknesses in the bond-closing process, with hackers stealing over $25 million using spoofed emails. To combat such threats, the public finance industry must enhance controls, including early submission and phone confirmation of wire details, and using encrypted communication. Check out our recap: https://bit.ly/40Ay4Hf Aravind Swaminathan | Jenna Magan | Joseph Santiesteban | John Palmer | Sean Yates #CyberSecurity #PublicFinance #WireFraud #DataProtection
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Protect Yourself from Fraudsters! We've all heard horror stories about fraud. But don't let fear keep you from enjoying your finances! A little knowledge goes a long way. Here are a few simple tips to keep your hard-earned money safe: - Be wary of unexpected calls or emails. If someone you don't know is asking for personal information, don't give it out. It's always best to hang up and call the company directly using a number you know is legitimate. - Check your accounts regularly. Look for any suspicious activity, like unauthorized transactions or changes you didn't make. If you see something fishy, report it right away. - Use strong passwords and two-factor authentication. Make your online accounts as secure as possible with unique, complex passwords and two-factor authentication whenever it's available. Want more tips on how to protect yourself from fraud? Visit https://lnkd.in/gEPfd2yV to learn more. #FraudPrevention #FinancialSecurity #Cybersecurity #ProtectYourMoney #FDIC #BankSmart #banksnearme #bankofstcroix #USVI #VirginIslands #StCroix
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With all the recent news about cyberattacks, now might be a good time for you to review your own personal cybersecurity protections that you have in place. Cyberattacks come in many forms and can almost always end in a catastrophic result. If you think that it might be time for you to review the steps you have in place to protect yourself, our Sea Glass Wealth blog post, Protecting Yourself Against Cybercrime, might be the perfect place to begin. If you have questions, we have the answers! @seaglasswealth @seaglasswealthblog @protectyourself @intheknow https://lnkd.in/gS54YG5R
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Protect Yourself from Fraudsters! We've all heard horror stories about fraud. But don't let fear keep you from enjoying your finances! A little knowledge goes a long way. Here are a few simple tips to keep your hard-earned money safe: - Be wary of unexpected calls or emails. If someone you don't know is asking for personal information, don't give it out. It's always best to hang up and call the company directly using a number you know is legitimate. - Check your accounts regularly. Look for any suspicious activity, like unauthorized transactions or changes you didn't make. If you see something fishy, report it right away. - Use strong passwords and two-factor authentication. Make your online accounts as secure as possible with unique, complex passwords and two-factor authentication whenever it's available. Want more tips on how to protect yourself from fraud? Visit https://lnkd.in/gM-sAVAM to learn more. #FraudPrevention #FinancialSecurity #Cybersecurity #ProtectYourMoney #FDIC #BankSmart #banksnearme #unitedfidelitybank #unitedfidelity #UFB
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We're wrapping up Cyber Security Month with Financial Literacy! This year's theme is Generation Cyber Safe, because online security knows no age. Miranda Beall, CEC, one of our Each One Teach One facilitators, delivered a free workshop on identity theft and fraud to 100 Grade 10 students at Chatelech High School School District 46 - Sunshine Coast. Students were provided with up-to-date information on the latest scams and tips to protect themselves online. Let us know if your group would like to host a financial literacy session on topics such as fraud, credit cards, or basic budgeting. Let’s continue building awareness and resilience together! #CyberSecurityAwarenessMonth
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With all the recent news about cyberattacks, now might be a good time for you to review your own personal cybersecurity protections that you have in place. Cyberattacks come in many forms and can almost always end in a catastrophic result. If you think that it might be time for you to review the steps you have in place to protect yourself, our Sea Glass Wealth blog post, Protecting Yourself Against Cybercrime, might be the perfect place to begin. If you have questions, we have the answers! @seaglasswealth @seaglasswealthblog @protectyourself @intheknow https://lnkd.in/gUnrrT9K
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Friendly fraud isn’t so friendly after all. With losses reaching $50 billion annually, banks and retailers are feeling the pinch. In his latest blog, fraud expert Ken Palla explains how a mix of data analysis and behavioral insights can help detect first-party fraud. Discover his practical tips: https://okt.to/6f3TU0 #FinancialCrime #FraudPrevetion #CyberSecurity
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Staying safe from online scams is a year-round priority to us, but we would like to hone in on seller impersonation fraud. Scammers have been continuously affecting the real estate industry, so it's important to help our customers and REALTORS®️ stay safe. 🔊 Our latest blog provides 4 ways agents can help fight seller impersonation fraud. Don't let scammers pocket your money. Read the entire blog here 👉 https://heyor.ca/if6s3J and watch our whole video to learn more. Help us bring awareness to this topic to #SecureOurWorld. #KittitasTitle #Cybersecurity #realestatetips
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It’s time to consider one of the most boring but important moves you can make for your money: Freeze your credit. https://buff.ly/3TnCWwS #Money #CyberSecurity #Credit #AssetProtection
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