Wire transfer fraud: Confirm before you wire

first_imgWire fraud is not a new crime. Many criminals have engaged in this activity in the past and will continue to do so in the future. But wire fraud has taken a new twist in the age of electronic communication.We have seen hackers spoof emails and send instructions from what appears to be an executive to an administrative assistant or the accounting department with instructions to wire thousands of dollars to a particular account. If the wire is sent, the funds are unlikely to be recovered unless the FBI is notified within a very short period of time. Typically, the financial institution is not liable for the misdirected funds, because its account agreement contains language allowing it to rely on the client’s instructions. On that note, credit unions should review their account agreements with members to ensure they are able to rely upon the instructions given by a member, or that appear to be given by a member.More recently, hackers have begun injecting themselves into transactions, such as real estate and commercial transactions between sellers and buyers. If a hacker is able to obtain the credentials of a lawyer, real estate agent or company inside—and this is not difficult for those who are adept at phishing and social engineering—then the hacker has access to details about the transaction, such as the parties involved, their email addresses and the property or assets to be sold. 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

US Election 2020: Moment BBC projects Biden victory

first_img– Advertisement – The BBC projects that Joe Biden has won the race to become US president, defeating Donald Trump following a cliff-hanger vote count after Tuesday’s election.This was the moment it was announced on TV.- Advertisement – Read more: Biden wins – BBC projects White House victory – Advertisement –last_img

Sanctuary Cove home in prime riverfront position

first_img7104 Marine Drive East, Sanctuary Cove.AN entertainment deck and floor-to-ceiling windows make the most of this Sanctuary Cove property’s riverfront position.The north-facing villa at 7104 Marine Drive East has uninterrupted views across the water to the Southern Moreton Bay Islands reserve.Marketing agent Shirley Wyllie, of Ray White Prestige Gold Coast, said the home’s design and prime position was attractive to buyers. 7104 Marine Drive East, Sanctuary Cove. 7104 Marine Drive East, Sanctuary Cove.More from news02:37International architect Desmond Brooks selling luxury beach villa17 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago 7104 Marine Drive East, Sanctuary Cove. 7104 Marine Drive East, Sanctuary Cove.“It’s got a fantastic indoor outdoor flow and that’s what people are really liking about it,” Mrs Wyllie said.She said it was also what owners Nick and Cathy Eisenhut loved most about the property, which they bought in 2015.“They love the fact that it’s all open plan — it lets them enjoy the indoor outdoor alfresco style living,” Mrs Wyllie said.While the couple were reluctant to sell, a work promotion interstate was too good to pass up.“They were so reluctant to sell it because they love it so much,” Mrs Wyllie said. 7104 Marine Drive East, Sanctuary Cove. 7104 Marine Drive East, Sanctuary Cove.The three-bedroom, three-bathroom villa has an open kitchen and living area that flows seamlessly into a Florida room and out onto the entertainment deck.The kitchen has Caesar stone benchtops and quality appliances while floor-to-ceiling windows frame the panoramic views of the river and reserve, which could never be built out.It also has a low-maintenance garden that surrounds the property. Mrs Wyllie said the Eisenhuts renovated the property extensively to give it a more modern style.last_img read more

UCL Review: Luis Suarez inspires Barcelona to comeback win over 10-man Atletico Madrid

first_imgLuis Suarez scored twice as Barcelona came from behind to beat Atletico Madrid in the Champions League, although the match might have finished very different had Fernando Torres kept his discipline.The former Liverpool and Chelsea striker had given his side a 1-0 lead at the Camp Nou only to be shown two quick-fire yellow cards for a couple of foolish tackles, leaving Diego Simeone’s team down a man in the quarter-final first leg.Atletico defended stubbornly despite their numerical disadvantage but were eventually broken down by Barcelona’s formidable frontline, with Suarez scoring two second half goals to give the Catalans a narrow lead ahead of the return leg at the Vicente Calderon.Suarez himself was perhaps fortunate to remain on the pitch following a kick-out and throat grab of Filipe Luis, with no less than 10 yellow cards show over the course of the feisty match. Ultimately, Simeone must have been thankful to have only suffered a single-goal defeat given the circumstances. –Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more