• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Hartman Executive Advisors

Hartman Executive Advisors

Business & IT Strategy Consulting Firm

  • Business Strategy Consulting
  • IT Management Consulting
  • IT Strategy Consulting
  • Risk Management Consulting
  • Telehealth
  • About
    • Careers
    • Community
    • Our Team
    • Testimonials
  • Services
    • Business Strategy Consulting
      • CIO Consulting Services
      • CISO Consulting Services
      • Interim Executive Placement Services
      • M&A Advisory
      • Telehealth Consulting Services
      • IT Coaching & Mentoring
      • Organizational Development
      • Process Engineering
    • Risk Management Consulting
      • CMMC Compliance Services
      • Cyber Risk Assessment
      • Governance, Risk and Compliance
      • Incident Response Planning
      • IT Due Diligence
    • IT Management Consulting
      • Change Management
      • IT Portfolio Management
      • Vendor Selection & Management
    • IT Strategy Consulting
      • Core Banking System Selection
      • FinTech Consulting Services
      • IT Strategy Assessment
      • Software Evaluation
      • Software Selection
      • Virtual Event Technology
  • Industries
    • Construction
    • Education
    • Financial Services
    • Government Contracting
    • Healthcare
    • Human Services
    • Manufacturing, Retail, Logistics & Distribution
    • Nonprofit & Association
    • Real Estate
    • State & Local Government
  • Resources
    • Blog
    • Case Studies
    • eBooks
    • Executive Technology Survey Results
    • C3 SUMMIT
    • Speaking Engagements
  • Contact Us
(410) 587-0064 Request a Consultation
(410) 587-0064 Request a Consultation

Protect your Community Bank from Business Payments Fraud

May 16, 2023 by The Hartman Team

Chad Quarles  was interviewed for an article, Protect your community bank from business payments fraud, with Independent Banker. The article highlighted how to effectively protect your community bank and its customers from business payments fraud.

“A BEC attack usually begins when the threat actor gains unauthorized access to an email account belonging to a bank or one of the bank’s business partners, such as a title company, Quarles says. The threat actor will monitor the title company employee’s email until they identify a conversation discussing payment instructions and then impersonate the recipient of the payment and redirect the wire transfer to an unrelated account.”

“By the time the victim realizes what’s going on,” he says, “the wire has been sent and the account has been drained.”

“Your company [often] doesn’t realize it’s duped until the vendor starts making collection calls and they say they never sent a payment change,” he says.

Read the full article here

Filed Under: Cybersecurity,  Financial Services,  Systems & Software

Primary Sidebar

Types

  • Article
  • Press
  • Vlog
  • Webinar

Topics

  • Associations & Nonprofits
  • Construction
  • COVID-19
  • Cybersecurity
  • Digital Transformation
  • Education
  • Featured
  • Financial Services
  • Hartman News
  • Healthcare
  • Human Services
  • Interim Executive Placement
  • IT Due Diligence
  • IT Management
  • IT Strategy
  • Leadership
  • Manufacturing
  • Mergers & Acquisitions
  • Real Estate
  • Risk Management Consulting
  • State & Local Government
  • Strategic Services
  • Systems & Software
  • Telehealth

Related Blogs

Supply Chain Cybersecurity

Vulnerable and Valuable: Why Middle Market Supply Chains are Prime Targets for Cyberattacks  

May 31, 2023

While technology brings incredible enhancements to supply chain management, it also creates more vulnerabilities to an enterprise. These threat [...]
Read More

NextGen Healthcare Security Breach

Data Breach in Healthcare Leadership: Lessons from NextGen Healthcare’s Major Security Incident

May 25, 2023

“Ransomware”, “data breach”, and “cyberattack”.   To those of us who work in healthcare leadership these days, those words [...]
Read More

innovative mobile bank technologies

Data is King – Banks Must Own Their Data to Compete and Innovate

May 17, 2023

The adoption of digital banking has been growing at exponential rates over the past several years.  Fueled by an increase in remote lifestyles [...]
Read More

Footer

It's Time to Reach Out
Are you ready for independent IT Leadership?
Contact Us

Hartman Executive Advisors

1954 Greenspring Drive Suite 320 Timonium, MD 21093
410-587-0064

Services

  • Business Strategy Consulting
  • Risk Management Consulting
  • IT Management Consulting
  • IT Strategy Consulting

Resources

  • Blog
  • Case Studies
  • eBooks
  • Executive Technology Survey Results
  • C3 SUMMIT
  • Speaking Engagements
Sign Up for Our Newsletter
Subscribe to Hartman Executive Insights
  • This field is for validation purposes and should be left unchanged.

© 2023 Hartman Executive Advisors · Powered by 321 Web Marketing · Website Privacy Policy & Terms of Use