4min chapter

This Week in Startups cover image

Gavin Baker on AI platform shift, upside vs downside, extinction risk, Nvidia outlook & more | E1764

This Week in Startups

CHAPTER

How to Catch Fraudulent Wire Transfer Requests

There are some rules that you should put in place internally to be able to catch any type of fraudulent wire transfer request. Look for red flags such as a rush request or an urgent request or something that's unexpected, if it's coming from the CEO or CFO. And I think making sure that you have the proper insurance is another big one. That's going to help round out any risk management program. Make sure that you're not only investing in your technology and in compliance,. In the event that you need to go a little bit deeper in terms of resources, forensic firms having access to these types of organizations can do all of that for you.

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