“A disturbing new trend is that some thieves are beginning to directly target financial advisors and their clients – as famous bank robber Willie Sutton noted, if you want to get rich by stealing, go to where the money is! Accordingly, financial advisors and investment custodians have seen a noticeable increase in attempts at fraudulent wire transfers by ‘spoofing’ – where a request sent ‘from the client’ is actually a spoof from a fake-but-similar email account (or sometimes is even the client’s actual account!), and asks the advisor to process a wire transfer to a third party bank account. By the time anyone realizes the request was fake, the money is already gone.”
http://www.kitces.com/blog/archives/416-Wire-Fraud-A-Terrifying-New-Trend-Targeting-Advisors.html
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