Kevin Szczepanski and Kyle Cavalieri, president of Avalon Cyber, discuss the increasing risks of funds transfer fraud, covering topics such as understanding this type of fraud, how it works (including fake invoicing and “vishing” attacks), red flags, and how to respond. Red flags can include unexpected calls or emails, and it’s important to be prepared for when these contacts occur. Kevin and Kyle emphasize the growing threat of such attacks, which can result in significant financial losses. They discuss the importance of immediate action, including updating credentials, notifying the bank, involving an attorney, and reporting the incident to law enforcement. Listen in to learn more.