Wire Fraud Happens to the Best of Us

A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning

David Adams • Jul 24, 2024

Conduit would like to thank Rana Robillard, a recent victim of wire fraud, for sharing her experience with the crime. Rather than focusing on the mechanics of the crime (social engineering, BEC, money mules) we would like to highlight how Rana Robillard is a typical victim of wire fraud.

CNBC

Rana is clearly smart, successful and fastidious – a 25-year veteran of tech companies, including a cyber security firm! Simply put, she is sophisticated.

When Conduit engages with clients, prospects or victims, we see this same fact pattern:

  1. Smart, hardworking employees
  2. An existing knowledge of the crime and how to stop it

But the bad guys are very “good” at their craft.

That is why Conduit offers its SaaS tool to defend against wire fraud. Our solution is the technical control to support an organization’s existing employees and processes. We help them fight the wire fraud bad guys!

https://www.cnbc.com/2024/07/23/wire-fraud-in-real-estate-silicon-valley-executive-warning.html