Wire Fraud Georgia
Unfortunately, cybercriminals are contributing to wire fraud in
Georgia regularly; they have discovered how to steal your
customer’s hard-earned money. They use a variety of tools, including
phishing emails, compromised legitimate websites, fake friend requests
on social sites, and malware, to obtain your customers’ bank logon
credentials, and wreak havoc.
Wire fraud in Georgia is impacting negatively in the business sector; do not
open your business to this pest. Avoid the hassles, and the
negative results it triggers. With the increasing use of convenient eBanking services,
comes even more wire fraud. As the numbers of customers
using easy eBanking services increase, so too, do the many
risks.
The ease with which sending and receiving wire transfers operates,
multiplies the problem;
people out there, bent on benefitting themselves from this popular way of banking
abound, and hurt your customers. Cybercriminals, competently using with a wide range of tools,
quickly get your customer's confidential banking information, and use it
to their advantage.
Armed with all of the credentials they need, they simply use it to
transfer money from your customer's account, into theirs, by committing
wire fraud in Georgia. They target small-to-medium-sized
businesses; such businesses often do not use dual controls on
their accounts, nor have they adopted strong information security
postures to mitigate wire fraud.
Every organization has its own unique business culture, and functions in
its own particular manner; this requires appropriate
security measures, not only to protect the organization
from wire fraud, but to duly comply with industry standards, ever-changing
federal regulations, and State Privacy Laws. Every organization should
use InfoSight Inc. for
Security/Protection Programs for fending off wire fraud in Georgia.
In an effort to protect both consumers and businesses from wire
fraud, the Federal Financial Institutions Examination Council (FFIEC)
has implemented new security guidelines for financial institutions in
January 2012. These guidelines describe the measures financial
institutions should take to protect Internet banking customers from wire
fraud and other forms of financial fraud. Three key components were
addressed:
1. Risk Assessments covering changes in
threats, technology, and customer adoption of
eBanking; transaction volume; actual incidents of
security breaches, ID theft or wire
fraud
2. Layered Security and Anomaly Detection
through Multi-Factor Authentication
3. Customer Security Awareness and Education
InfoSight can assist you by
providing:
1. Your annual eBanking risk assessment
2. A GAP analysis
3. A restructuring of your entire risk management
program
4. A Security Review of your eBanking solution
including online banking, MFA
technologies and other associated eBanking
products and applications
5. Your Customer Security Awareness Program
• Security Awareness “customer-ready” content for
use as part of your consumer and
commercial clients’ security
awareness initiative.
• Live webinar and onsite workshop education for
your customers
• Security Awareness Newsletter Production to
reinforce your organization’s Security
Program
• Video “Quick Clips” for Website and e-Delivery
• ISA Website Content
• Polls and Surveys
• Digital Banners for your website or ATMs
• “On Hold” Telephone Messaging
• Annual Progress Report to present to examiners
By implementing these sound business practices, financial institutions
are able to safeguard their customers against wire fraud. These
increased security procedures may help reduce the number of incidents,
mitigating financial losses, business risks and reputational damage that
can result from wire fraud attacks. Contact InfoSight to learn more.
Complementary Services
Vulnerability Assessment
Penetration Testing
Intrusion Detection and Prevention
