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Our team is operating remotely at this time and working extremely hard to provide a high level of customer service. We are available to address all inquiries from existing and new clients: Contact us by phone, email and our 24/7 claims line. You can also change or access your policy through your myBrokersTrust online account: Client Portal.

Funds Transfer Fraud

Funds Transfer Fraud arises when a third party directly sends fraudulent instructions to your financial institution, purporting that the instructions came from you or your company – but these instructions were transmitted without your consent or knowledge.

The most common scenario is when a third party gains access to the your banking credentials and logs in to the website or portal to instruct the financial institution to transfer money out of your account and into accounts that are held by the third party. In most instances, the person at risk is not aware of the transaction taking place until sometime after the financial institution has acted upon the fraudulent transfer instructions.

Learn more about the specialized coverage we can offer for Cyber Liability & Technology.