![]() You cannot cancel or reverse a transfer that has already been deposited.Ĭhoose a security question that is difficult to guess. Change your email password regularly and choose a password that is hard to crack.īe careful with spelling and make sure you have the information entered correctly. If your email is secure, the fraudsters won’t be able to hack into it and intercept e-transfers. They then redirect the money into their own accounts. E-transfer fraud happens when fraudsters hack into your email account and intercept the transaction. When you receive an e-transfer, it usually provides you with a text or email notification prompting you to answer a security question to deposit the money into your account. Here’s what you need to know about e-transfer fraud. While certain digital transactions offer protections, such as credit cards, others may not. Gone are the days of needing to take out cash from the bank to buy what you need. Many of us have grown comfortable with the ease and convenience of digital transactions. Send or receive e-transfers? You may be at risk of losing your money to fraud. In Safety & privacy, Scams & fraud, Shopping & contracts on by Amanda :: Comments (8) ![]()
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