Wire Transfer Fraud: Hidden dangers in every transaction
Point-to-point telecommunication and Internet monetary transactions have grown to $3 trillion in transfers around the globe daily. This creates a target for theft and fraud, which why this whitepaper focuses on understanding what controls can reduce the risk of fraud.
In this whitepaper we delve into the common vulnerabilities of wire transfers and compensatory measures to take.
Case studies in this whitepaper reveal flaws banks have made that lead to fraud as well as how to remedy those problems when they arise.
