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Billions in Wire Fraud Preventable with 19th Century Technology!

The bad news is that the Federal Bureau of Investigation has reported that there were more than $2.3 Billion Dollars of losses from October 2013 to February 2016 from business e-mail compromise (“B.E.C.”) scams. The good news is that a simple phone call confirming the authenticity of the wire request prior to acting on it will foil the scam one hundred percent of the time.

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