Wednesday, October 7, 2015

Cyber Crime - Bank Payment and Transfer Scams (2015)

Recently, there are new cases where payments are being transferred into accounts not belonging to suppliers.

Perpetrators of these scam, are able to make it so real that anyone could be the next victim. Thus it is best that there is a set of policy to prevent this from happening.

The simple trick is just to ensure the bank details are correct and verified through various parties.

Setup a policy and just stick to the same policy whenever there are changes or new addition of bank accounts details.

Some example of the steps will be ...
. Verify changes in bank account details
. Verify the bank information over telephone, ideally with someone you know and have known for some time
. Ensure a faxed acknowledgement from supplier upon the change of bank details

Hope this email will help to prevent any future incidents from these scam.

Article contributed by: Moke Tsing
Date: 8th Oct 2015

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