Beware of Cyber Criminals

Posted on June 23rd, 2015 at 2:25 PM
Beware of Cyber Criminals

From the Desk of Jim Eccleston at Eccleston Law LLC:

Over the years, cyber criminals have become extremely devious in their attempts to defraud investors. Here is a tale of how cyber criminals can attack on any given day:

An individual communicates primarily through email. Periodically, he requests wire transfers to make real estate investments with his family. Two years ago, there was a request from him from his email stating, “Can you please update me with the available balance in my account and also the information needed to complete an outgoing wire transfer for me today? I'm on my way to a funeral service but I will check my email often for your response.” This sounded perfectly normal to the recipient. The email also requested $24,000 in wire transfers to be done that day.

While requests may appear to come from the client, in actuality, it may be a cleverly disguised cyber-criminal. In an effort to prevent future cyber-crimes, it is best to verify with the client before making any changes to account, especially if money is being moved. 

The additional work may seem tedious, but it is the extra security measures that could prevent a client from becoming a victim.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, Cyber criminals, cyber crime,

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