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Banking Topic

Corporate Account Takeover

Banks' business customers need to understand and prepare for this growing type of cyber crime.

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Corporate account takeover is a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions, including transferring funds from the company, creating and adding new fake employees to payroll, and stealing sensitive customer information that may not be recoverable.

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Heather Wyson

Heather Wyson-Constantine

VP, Payments & Cyber Policy

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