Reply to post: Re: Banks culpable?

Yar, thar she blows: Corp-cash-stealing email whaling attacks now a $12.5bn industry

seron

Re: Banks culpable?

In the United States ( and the EU I think), in order to open a bank account, you have to show several forms of identification to prove identity. Additionally, banks are required to complete a Suspicious Activity Report' (SAR) for any strange transactions or behaviors. I think wiring in large amounts of money and then moving that money would qualify.

I can't speak for Asia - or other countries, but I would think that there is some kind of verification or authentication system in place. Of course documents can be forged, but I don't think this is as easy or straightforward as it is being made out to be.

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