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Wire transfer fraud insurance changes!

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Have there been any recent changes to wire transfer fraud insurance that we should be aware of?

There was a LOT of movement in this space in 2018, in multiple jurisdictions, particularly with respect to business email compromise (BEC) that could affect both a bank AND their business customer. It’s a good idea to review insurance policies more frequently than just during renewal periods. Make sure the bank understands any additional security requirements that could affect coverage.
Learn more about Rayleen Pirnie
Wire Transfer Fraud Prevention Programs

First published on 05/12/2019

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