How to Protect Yourself from Misdirected Transfers and Wire Fraud | ActualHuman.com

One of the biggest threats in financial fraud today is misdirected wire transfers, which can lead to the loss of large sums of money. This type of fraud occurs when hackers intercept emails related to high-value transactions, such as real estate deals or large equipment purchases. The hackers replace the legitimate payment instructions with their own, tricking the buyer into sending money to the wrong place.

This video explores how this scam works, with real-world examples like the fire department that lost its years of savings after paying for a fire truck to the wrong account. Hackers can target anyone involved in a transaction, even peripheral companies like inspectors or contractors, making it difficult to spot the scam until it's too late.

To protect yourself, it's crucial to always send a small test payment before transferring large amounts of money. This simple step ensures the payment goes to the correct account. We also recommend using escrow services, like those provided by VerifyEscrow.com, to protect your transactions.

Learn how to safeguard your financial transactions and avoid becoming a victim of this growing cybercrime. If you need more guidance, visit www.actualhuman.com for a live, one-on-one consultation with an expert in financial fraud prevention.