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Home / News / Business News / Social engineering fraud is a hot topic in the insurance industry (access required)

Social engineering fraud is a hot topic in the insurance industry (access required)

An employee in the accounts payable department of a dress manufacturer received an email from her regular contact at a vendor. The email said the company had changed bank accounts and instructed the accounts payable employee to send the $230,000 that the manufacturer owed the vendor to the new account number, which was provided. The ...

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