The Town of Enfield, New Hampshire, appears to have been the victim of a man-in-the-middle scheme involving the transfer of $742,000 to a fraudulent bank account. The town is constructing a new $7.2 million public safety building. An employee was tricked into sending the payment to a fraudulent bank account instead of the construction company
wire fraud
FBI reports $3.1 billion lost by businesses through “business email compromise”
By Kathleen Porter & Guest Contributor on
Posted in Data Privacy, Guest Posts
This article co-authored with guest blogger David Wang, a R+C summer associate and student at Boston College Law School
Wire fraud crime has long been a problem for financial institutions and banks. However, wire fraud through email is a completely different beast. Originally characterized by law enforcement as an extension of traditional wire fraud, wire…