Wire Transfer Fraud Threat Is Very Real, Says Tom Giachetti
It's real, dangerous and often overlooked by advisors. Where are regulators and law enforcement officials? “There’s not a whole lot they can do,” he says.
Risky Business: How to Protect Your Firm From Wire Fraud
Someday soon an advisor will have to declare bankruptcy because he cannot cover the losses incurred in a fraudulent third-party wire transfer.
Beware ZeuS, RATs, Keyloggers and DirtJumpers
Some banks and credit unions have become victims of cyber criminals who target financial institution employees.
Third of Fortune 500 Companies Have ‘Material’ Cyber-Risk
More than a third of Fortune 500 companies said their exposure to cyber-risk is “material” or “serious,” according to a report released Monday by Willis Group.
Small Firms at Greater Risk From Cyberthreats
It doesn’t matter how big your firm is—if you leave yourself vulnerable to cyberattack, you could be a victim, according to a white paper by First Clearing.
First Clearing Launches Tools to Fight Cybercrime, Other Risks
The new tools are based on the “four pillars” of risk management, including educational support, consulting, events and technology.
FINRA Slaps Ameriprise for Rep’s Wire Transfer Fraud
FINRA said Ameriprise and its clearing firm missed several red flags, including transfers to accounts in the broker's name.
Email Fraud—Protect Your Clients and Your Firm
Unfortunately, the number of attempts by thieves trying to steal your clients’ money is increasing every day.
‘Where Did My $35,000 Go?’— Advisors Face Identity Fraud Risk
Thieves are starting to reach out to their victim’s financial advisor and request a wire transfer of thousands of dollars, says Jean Chatzky in a “This Week in Your Wallet” column.