Don’t Fall Prey to EFT FraudOctober 21, 2020
There has been a substantial increase in Electronic Funds Transfers (EFT) fraud attacks in recent months, specifically by way of a method known as social engineering. Social Engineering is the psychological manipulation of people into performing actions or divulging confidential information. During the pandemic environment, in which much of our business is being conducted remotely, these Social Engineering acts of manipulating someone to “voluntarily” electronically send a perpetrator money are increasing in size and frequency. These EFT fraud attacks usually start with a phishing email or a phone call.