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EMAIL SCAM ALERT! What you need to know.

Tuesday, December 3, 2019

There is an email scam that is happening now and, as your risk adviser, HMS wants to alert you to this growing issue.

Here’s how the scam works: Cybercriminals use various spoofing techniques to disguise an email to make it appear as if it is from one of your customers, vendors, suppliers or subcontractors, advising you of a change in banking information and to send payment via ACH to a different bank. In some cases an invoice is attached to the email.

The best defense is to verify the request via telephone call to a known representative prior to making any payment. Employee awareness through education and training is essential, so please share this information with your staff and be sure to have a verification of payment request procedure in place for all wire transfers/ACH payments.

Please feel free to call your HMS representative to discuss this further and provide you with an insurance quote, if you have not already purchased this coverage.

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