Editors Note: We have heard from several local clients that attempts have been made to have them create wire transfers and ACH transfers to fake supplier accounts. If your not sure, call your supplier or contractor.
A sophisticated new scam is targeting business and personal email addresses. Scammers create email accounts nearly identical to an existing account and use that new account to initiate wire transfers.
How the Scam Works:
You are working for a business that deals with contractors or suppliers. One day, you receive an email that comes from your contractor, requesting to be paid by wire transfer. This is unusual, but you have a long standing relationship with this contractor, so you initiate the transfer.