Why Contractors Are Losing Six Figures to Wire Fraud
Learn how cybercriminals target contractors with wire fraud and how to protect your business from devastating financial losses.
Key Takeaways
- 1Contractors are prime targets due to large, frequent wire transfers.
- 2Business email compromise (BEC) is the primary method used to intercept payments.
- 3Always verify payment instruction changes via a known, trusted phone number.
- 4Implement multi-factor authentication (MFA) to secure email accounts.
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