Wire fraud is one of the fastest-growing forms of financial crime, and scammers are becoming more sophisticated every day. At Cornerstone Bank, your security is our top priority. Here are a few key steps you can take to protect yourself from falling victim to wire fraud:
- Always verify payment instructions.
If you receive an email, phone call, or text with new or urgent instructions for sending money, pause. Fraudsters often impersonate trusted sources like banks, real estate agents, or vendors. Always confirm changes directly with the person or business through a known phone number—not the one provided in the suspicious message.
- Look out for red flags.
Scammers create urgency to trick people into rushing. If someone pressures you to act fast, requests secrecy, or sends payment instructions with misspellings or unusual formatting, be cautious.
- Secure your email accounts.
Many wire fraud scams start when criminals gain access to email accounts. Protect yours with strong, unique passwords and enable multi-factor authentication whenever possible.
- Educate your team.
For businesses, training employees on fraud prevention is one of the strongest defenses. Make sure your staff knows how to spot suspicious requests and the steps to verify them.
Wire fraud can be devastating, but with awareness and simple precautions, you can lower your risk. Cornerstone Bank is here to help you protect what matters most.
Want to learn more about fraud prevention? Contact us today or stop by our location on 9120 W. 135th Street, Overland Park KS 66221
