Fraud: Email compromise on the rise

February 2016


In recent years, the financial services industry has seen a dramatic increase in account takeover schemes. More and more thieves are taking advantage of business email accounts to divert money using ACH or wire transfers.

Financial institutions can prevent and detect many account takeover attacks, but the industry has not consistently taken the necessary steps to do so. 

This Financial crimes observer discusses how account takeover schemes are perpetrated, and provides our view of what financial institutions should be doing to prevent them.

Contact us

Dan Ryan
US Banking and Capital Markets Leader
Tel: +1 (646) 471 8488

Alison Gilmore
US Asset and Wealth Management Marketing Leader
Tel: +1 (646) 471 0588

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