Credit:Andrey_Popov/Shutterstock.com Wire Transfer Fraud On the Rise and the Legal Fallout
This article addresses how victims of wire transfer fraud are often unable to assert legal claims that lead to an actual recovery and discusses steps that can be taken to both prevent and handle wire transfer fraud.
August 18, 2023 at 12:00 PM
8 minute read
Litigation
The FBI recently reported that their Internet Crime Complaint Center received over 21,000 complaints of business emails being compromised by hackers in 2022. Adjusted losses from these events are calculated at over $2.7 billion. Many of these incidents involved wire transfer fraud, which has proliferated in recent years and has caused significant legal and financial problems for those involved.
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