Compromise Deposit Account Wire Transfer 
PYMNTS
JANUARY 18, 2019
Unlike traditional [business email compromise (BEC)] attacks, which are starting to raise red flags with financial institutions, payroll diversion attacks eliminate the interaction with banks because it is a direct deposit instead of a wire transfer,” said Crane Hassold, senior director of threat research at the firm.
PYMNTS
APRIL 15, 2019
HR departments need be on the alert for a new type of phishing scam that asks for reroutes on direct deposit accounts, CNBC reported. To move employee paychecks directly into a criminal’s account. Most companies “have put processes in place to validate big wire transfers, so now [criminals] want to stay under the radar.
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