Wire transfer scams are affecting more U.S. Companies. Some scams are easy to recognize. Other scams can easily trick even the most watchful of us.
It's happening here and now, as the following true story illustrates. A business that we insure called us. They appeared to have a $225,000 cyber theft claim. One of their overseas vendors emailed them a change of bank payment routing number. It was bogus, although it looked perfectly legitimate.
Lucky for them, they caught it quickly and between their bank and the FBI, the funds were recovered.
The prevelance of online communications and transactions have made it easier for businesses and customers to stay connected with each other. The same can be said for your vendors, employees and clients. However, this has also created a whole host of risks.
We have some resources to help you to identify and avoid scams. Check out This New Whitepaper from our Insurance Company Partner The Hanover Insurance Group. It explains how some scams may arrive at your doorstep, ways to avoid false pretense and social engineering scams, what to do if you are faced with a scam, and even an insurance solution designed to provide protection from a wide variety of social engineering scams.
Looking for options for your Massachusetts business insurance? With access to nearly every carrier in the region, we can make recommendations that you just might appreciate, including access to False Pretense Coverage! Call Chris Millerick at 617-846-5000 X 135 or click the button below.
With offices in Danvers & Winthrop Massachusetts, Elliot Whittier Insurance has been awarded The Five Star Award of Distinction from the Massachusetts Association of Insurance Agents. Elliot Whittier Insurance is also a Trusted Choice® agency and represents multiple insurance companies, so it offers you a variety of personal and business coverage choices and can customize an insurance plan to meet your specialized needs. You can visit Elliot Whittier online at www.ElliotWhittier.com, email firstname.lastname@example.org, or call 800-696-3947