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#2139049 - 07/21/17 01:53 PM Email hacked request for funds
jmm Offline
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Joined: Mar 2015
Posts: 21
If the Bank recieves a fraudulent email for a cashiers check to be issued and mailed but we do not complete the transaction, determined it was fraudulent, should we file a SAR. It was over the $25000 threshold.

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#2139055 - 07/21/17 02:08 PM Re: Email hacked request for funds jmm
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
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Yes; this is not a judgment call. FIN-2016-A003
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#2139066 - 07/21/17 03:02 PM Re: Email hacked request for funds jmm
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
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Wow, this is so relatable. We have so much check fraud things and these hacked email wire requests going on its ridiculous!
Anyone else notice an uptick in these events. What's even stranger is the last hacked email wire attempt that we had was for $24,500 just under the mandatory reporting limit.
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#2139069 - 07/21/17 03:09 PM Re: Email hacked request for funds Bec
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
If you read and re-read the FinCEN guidance until your eyes blur it will be apparent that they really want you to ignore the dollar thresholds for reporting computer intrusions and e-mail fraud. Certainly, neither the FBI nor the Secret Service is going to pursue a $4,000 attempt or even a $24,500 attempt. However it's the cumulative data value that many reports have; e.g. this attacker's IP address was contained in 27 different SARs filed in a 30 day period. That might be worth pursuing...
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#2139073 - 07/21/17 03:11 PM Re: Email hacked request for funds jmm
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Tru that, but I just wonder if that was a purposeful dollar amount that the fraudsters were keeping in their heads. Man, I tell you, if these people concentrated on doing positive things, this world would be a lot different!
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