Below is an article that appeared on the Real Deal regarding email hacks and fraudulent wire instructions.
There a few things that can be done to protect against email hacking and fraud:
Change the password regularly
- Enable two-step authentication on all email accounts
- Never click on a link from an unknown or suspicious source
- Let customers know that you will never send wire instructions without first calling them
- Send wire instructions via secure email in a password protected document
- Confirm all wire instructions by phone and provide the password to the document by phone