Given the recent failures of Signature Bank and Silicon Valley Bank, we know clients are looking to set up new banking relationships and moving money around, especially by wire transfers. It will not come as a surprise that bad guys see this as an opportunity to prey on folks who are trying to access funds needed to make payroll or other basic business expenses. This is just what the criminal “man in the middle” attacker wants – a time when businesses have let down their guard and hackers can induce fraudulent wire transfer. We addressed these issues back in 2019, but the advice is just as relevant now.
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