Wire Fraud Miami

Wire fraud in Miami has become an ever growing crime; it can wipe out your customers' finances instantly. With the growing popularity of eBanking services, this threat becomes more and more imminent.

Transferring monies back and forth regularly can pose a threat to your customers. There are computer hackers, cybercriminals, who work with different tools making it easy for them to steal someone's banking information. Some of these tools include; phishing emails, compromised legitimate websites, fake friend requests on social sites, and malware. They use these tools for the specific purpose of committing wire fraud in Miami.

These cybercriminals can severely cripple your customer's financial stability. Many hackers choose small-to-medium-sized businesses, because these businesses often do not use dual controls on their accounts, nor have they adopted a strong information security posture to mitigate wire fraud in Miami.

Creating a strong information security posture is not a “one-size-fits-all” solution. Your business must have constant systems and data check ups. If there are any signs of vulnerabilities, you must get the security protection that you need, to protect your customers.

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