Great advice for all of us to heed. The sad thing, though, is that some of us are moving on in years and perhaps not always thinking clearly. I will be 80 this year for example. There are predators (email and phone) that will take advantage of the elderly. I wish there were sure fire ways for banks, etc.to protect their elderly account holders to avoid such fraud. Perhaps requiring two or more to confirm a transaction? I get emails and phone calls from obvious predators from some foreign place every now and then.
*John Humphries* On Sat, Apr 29, 2017 at 10:38 AM, ANDREW ARNOLD <[email protected]> wrote: > I own a financial services firm and we would never act on wiring or > distribution instructions contained in an email, from a client, realtor, > bank, etc. We would always pick up the phone and call our client. We > usually recognize their voices. If we didn’t, we would use several forms of > verifying their ID, including asking questions no cyber criminal would > know, “When is your anniversary?”, “What year did we agree upon in your > financial plan as a retirement date?”, “Tell me again where you said your > son was doing his internship?”, “what year did we meet, and who referred > you to me?” > > We repeat any instructions provided to us, asking our client to carefully > verify the routing numbers and banking info. They must sign a Letter of > Authorization, and their signature is compared to those on file previously. > > This stuff is very scary, we are paranoid about it, We are seeing > increased attempts at accessing Non Public Info (NPI) by cybercriminals. > Frankly, we would never trust an email, no matter how secure it appears to > be, no matter what form of encryption was used. I don’t care if the email > comes from the Pope, or Greater Deity, we are never going to send funds > without proper vetting. When it comes to distributing funds, multiple > levels of verification are necessary, and picking up the phone and dialing > a real person is the best form of analog verification. > > You can be proactive on your end too. Never just email instructions to a > financial institution. Take them in personally, mail them, call (and then > use email to back up those other methods), but DON’T RELY ON EMAIL to > conduct sensitive financial transactions…. Slow down, never be in a hurry, > and double check and double verify everything! > > Andy > > > On Apr 29, 2017, at 10:05 AM, [email protected] > wrote: > > Blind Trust In Email Could Cost You Your Home > > > > _______________________________________________ > MacGroup mailing list > Posting address: [email protected] > Archive: <http://www.mail-archive.com/[email protected]/> > Answers to questions: <http://erdos.math.louisville.edu/macgroup/> >
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