Dan CusickWells Fargo Fraud & Claims ExecutiveAccording to recent Federal Trade Commission data, U.S. consumers reported a more than 30% increase in monetary losses due to fraud and scams in 2022 compared to the previous year. Scammers continue to find new twists on old tricks.Among the most common scams are imposter scams in which fraudsters convince their victims to send wire transfers under false pretenses. The scammer pretends to be from a government agency, tech support firm, bank or other legitimate and trusted company and tricks their victim into sharing personal information and/or sending money.While not the only method, wire transfers have emerged as a common method used by “bad actors” in their schemes to request and receive funds from victims. A wire tran
