As with any other crisis, the COVID-19 pandemic tends to bring
out the best in most people but the worst in others. Scammers are
even more active than ever, hoping that changes in our work
environments and the enhanced distractions and stresses we now face
will make us less diligent and therefore more susceptible to their
schemes. As a result, we all need to stay more alert than ever to
attempts to access our confidential or financial information.
There are increasing reports of hackers gaining access to a
party’s email account and then, posing as that party,
instructing its financial institution, lawyer or customer to send a
transaction or settlement payment to the hacker’s account.
Anytime you receive bank account or funds transfer information for
the first time, or worse, a change to such information, it is
imperative that you break the communication chain by speaking to
the sender in person or by telephone.