Recent Bank Failures May Result in an Increase Wire Fraud

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By Michelle Drolet

Founder & CEO

Ms. Drolet is responsible for all aspects of business for Towerwall. She has more than 24 years of,

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Recent bank failures are creating opportunities for cybercriminals to readily access your personal and company bank accounts.

With the vast uncertainty, cybercriminals are posing as representatives from banks, requesting account information and gaining immediate access to remove your money and change your login information.

We encourage you to be vigilant and verify all communication you may receive from your financial institution. This communication may come in the form of an email, text, phone call and/or social media post.

To help protect yourself from these scams:

1. Verify the sender’s email address. If the email seems suspicious, do not open it and immediately report the email to your CIO/CISO or whoever is in charge of your cybersecurity.

2. Do NOT click on links or download files in emails from unknown sources.

3. Call the bank to verify the request. Independently verify the phone number by going directly to the bank’s official website.

4. Always access a company’s official website directly by typing the URL into your browser. Do NOT click on links that are contained in the email.

5. Use strong passwords and never share them with anyone.

6. Keep your endpoint protection and security software up to date.


On the FBI’s website, they have prepared an easy-to-use guide that you can share with your internal team.


How Towerwall Can Help

As always we are here for our customers. Should you have any questions or would like to
Test your Incident Response Plan & schedule a Tabletop Exercise, contact us directly at 774-204-0700