WireVault

Exciting News from WireVault! We’ve just rolled out our new Identity Verification feature, developed in partnership with TrustStamp, and we couldn’t be more excited to share it with the world. Fraudsters can manipulate payment instructions, posing as legitimate recipients to reroute funds. Without verifying the recipient's true identity, businesses and individuals are exposed to wire fraud and financial losses. During a recent webinar with over 40 of the largest real estate companies in the U.S., Patrick and I demonstrated how this feature enhances wire security by verifying recipients through biometric and liveness checks—ensuring sensitive wire information is shared safely BEFORE you provide payment instructions to your bank for execution. Missed the demo? Watch it here: https://lnkd.in/eBAtAYFK #RealEstate #WireFraudPrevention #Blockchain #IdentityVerification #TrustStamp American Bar Association Hyperledger Fabric The Realty Alliance National Association of REALTORS® American Bankers Association FIS Fiserv Jack Henry Clio

Exciting News from WireVault! We’ve just rolled out our new Identity Verification feature, developed in partnership with TrustStamp, and we couldn’t be more excited to share it with the world. Fraudsters can manipulate payment instructions, posing as legitimate recipients to reroute funds. Without verifying the recipient's true identity, businesses and individuals are exposed to wire fraud and financial losses. During a recent webinar with over 40 of the largest real estate companies in the U.S., Patrick and I demonstrated how this feature enhances wire security by verifying recipients through biometric and liveness checks—ensuring sensitive wire information is shared safely BEFORE you provide payment instructions to your bank for execution. Missed the demo? Watch it here: https://lnkd.in/eBAtAYFK #RealEstate #WireFraudPrevention #Blockchain #IdentityVerification #TrustStamp American Bar Association Hyperledger Fabric The Realty Alliance National Association of REALTORS® American Bankers Association FIS Fiserv Jack Henry Clio

24 Hours left to register and join former NYS Attorney General Dennis Vacco and others for a comprehensive webinar focused on preventing the growing threat of wire fraud. Registration link below! https://lnkd.in/geksTKhF

WireVault Webinar: Preventing Wire Fraud Wire transfers total over $1 Quadrillion annually across 200 million transactions (Fedwire). Wire fraud, the second leading cyber crime in the US, is growing 40% annually (FBI). Join former New York State Attorney General Dennis Vacco, former FBI Special Agent Holly Hubert, and other experts for a comprehensive wire fraud prevention webinar on August 7th at 11:00 am eastern. Discover the latest trends, hear real-world examples of its impact on organizations, and learn about the flaws in current methods of collecting and sharing wire information. Our speakers will share valuable risk management insights and demonstrate how cutting-edge technology like WireVault can safeguard your transactions. Don’t miss this chance to understand a growing problem and protect your organization and clients. Register via the link below today! https://lnkd.in/geksTKhF

Wire transfers total over $1 Quadrillion annually across 200 million transactions (Fedwire). Wire fraud, the second leading cyber crime in the US, is growing 40% annually (FBI). Join former New York State Attorney General Dennis Vacco, former FBI Special Agent Holly Hubert, and other experts for a comprehensive wire fraud prevention webinar on August 7th at 11:00 am eastern. Discover the latest trends, hear real-world examples of its impact on organizations, and learn about the flaws in current methods of collecting and sharing wire information. Our speakers will share valuable risk management insights and demonstrate how cutting-edge technology like WireVault can safeguard your transactions. Don’t miss this chance to understand a growing problem and protect your organization and clients. Register via the link below today! https://lnkd.in/geksTKhF

Wire transfers total over $1 Quadrillion annually across 200 million transactions (Fedwire). Wire fraud, the second leading cyber crime in the US, is growing 40% annually (FBI). Join former New York State Attorney General Dennis Vacco, former FBI Special Agent Holly Hubert, and other experts for a comprehensive wire fraud prevention webinar on August 7th at 11:00 am eastern. Discover the latest trends, hear real-world examples of its impact on organizations, and learn about the flaws in current methods of collecting and sharing wire information. Our speakers will share valuable risk management insights and demonstrate how cutting-edge technology like WireVault can safeguard your transactions. Don’t miss this chance to understand a growing problem and protect your organization and clients. Register via the link below today! https://lnkd.in/geksTKhF

An experienced tech executive in Silicon Valley had wire fraud when buying her house when a cybercriminal misrepresented the mortgage broker and had her wire money to an account at JP Morgan Chase. Had the Mortgage Broker used WireVault to issue their bank instructions, she'd be sipping an Aperol Spritz on the patio of her new house. Instead.... https://lnkd.in/gMGNwvzu

All it takes is one small human error to put an organization at risk of wire fraud. Wire collection processes vary from company to company, which typically exchange information through insecure channels such as emails, texts or phone calls. WireVault standardizes procedures to ensure best-in-class data protection protocols are being followed by all parties involved in a transaction. Our user-friendly interface has built-in safeguards that save time and guard against cybercriminals. Retire vulnerable wire transfer practices with a free account: https://lnkd.in/ee4SEvvJ

My team and I built WireVault to protect businesses from wire fraud - to prevent the exact scenario that landed on the front page of the Buffalo News yesterday. WireVault allows people to exchange banking instructions safely and easily. Unfortunately, even phone verifications could be intercepted by a cyber criminal using AI to impersonate someone on the call - So even that trusted method is risky. The world has changed. If you are sending or receiving a wire, try WireVault for free to exchange your banking information.

In January 2020, a development company attempted to wire $10 million to a lender to pay off a loan. But hackers used a business email compromise scheme to provide phony instructions and divert that money away from the intended bank. More than four years later, not one penny has been recovered and the two parties are engaged in a legal dispute blaming each other for the disappearance of the money. From The Buffalo News: "Any time you have a last-minute in banking or wiring instructions, you should pick up the phone and call the company you are dealing with to verify." There's an even safer option. WireVault replaces vulnerabilities found in phone calls, emails and text messages with a user-friendly and secure interface that collects, stores and shares information using best-in-class security.