Don’t Fall Victim to Wire Transfer Fraud: Tips to Stay Safe

This advisory describes wire transfer scams and related social-engineering techniques that target individuals and businesses, illustrating common vectors (spear-phishing, fraudulent phone calls, fake social accounts) and red flags (misspellings, urgent or large transaction requests, refusal of verbal confirmation). It emphasizes impersonation of executives or partners in business contexts and recommends implementing wire-transfer verification protocols and employee training to reduce the risk of fraud.