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Its called Business Email Compromise, stated Maria-Kristina Hayden, CEO & Founder atOUTFOXM.
So what can you do to avoid this punch in of scam?
GoBankingRates spoke with cybersecurity experts to learn seven ways tosave your moneyand keep it safe.
Further, never hit any links sent to you.
This way, information is encrypted and more difficult to intercept.
Similarly, stay away from public Wi-Fi networks when utilizing online banking; opt for VPNs instead.
Multi-Factor Authentication
Herberger suggested implementing multi-factor authentication for all accounts involved in the transaction.
So if any routing or banking information changes on the fly, step away.
If protections are sparse or seem subpar, proceed at your own risk.
Trust Your Instincts
Your gut is rarely wrong, and you should trust what it tells you.
If something feels off, it probably is, stated Ian Paterson, CEO/Founder atPlurilock Security.
ensure you pause and assess before taking action, especially if something seems off.
Wire transfers are irreversible.
Go Old School
This is probably the most fool-proof.
To ensure the utmost security, simply avoid online transactions altogether.
Jon Clay, VP of Threat Intelligence atTrend Micro, emphasized the importance of immediate action.
This is why time is of the essence.
Next, report the incident to the FBIsInternet Crime Complaint(IC3) and local law enforcement.
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