Evolution of Bank Heists 

the great train robbery

Traditional bank robberies are rapidly declining, given the low success rate for criminals. Cyber-crime, especially business email compromise (BEC) to conduct wire fraud, is the easier method for criminals to steal

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Trends: Ransomware vs. BEC


Ransomware is in the news, but you will start hearing more about wire fraud, initiated through Business Email Compromise (BEC). On a risk/reward basis, we believe that wire fraud is most likely to be the focus for cyber criminals in the near term. Driven mainly by business email compromise (BEC), wire fraud leads to immense…

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$130 Million Lost in Wire Fraud

pictures of money

One of our favorite financial authors, Matt Levine, wrote an article about a large wire fraud.  The story he tells highlights the need for workflow automation, accountability, and transparency to supplement existing wire processes.

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Wire Fraud New Year’s Resolutions


Do you have a written policy and have you educated your team on the mechanics of the wire fraud? If not, the beginning of a new year is a great opportunity to resolve to address this threat to your business.

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Ransomware Vs Wire Fraud

Although ransomware and wire fraud tend to be equal in occurrence, that is where many of the similarities end, especially for the victims.

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