NCUA’s Business Email Compromise Alert

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The National Credit Union Administration (NCUA) has issued an alert to credit unions regarding Business Email Compromise Fraud.  This alert describes the increasing frequency of and losses related to business email compromise fraud schemes. Credit unions can take steps to prevent this type of fraud and should report such fraud, when it occurs, to the FBI’s Internet Crime Complaint Center. Credit unions that report incidents to the Internet Crime Complaint Center promptly increase their opportunity to recover funds that have been wired under fraudulent pretenses.

Click here to read the Alert.

 

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