ABC 7 reported:
Find the original article here.
Takeaway: Have a separate process for remittance changes that includes controls, validations, authentication and best practices. Make another confirmation call to the vendor to confirm they received the payment. If they didn't receive it, now there is a better chance to recover it.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Approximately $1.9 million in public money intended for the Pulaski County jail’s medical provider was diverted over several months in a suspected fraud scheme, county officials said Wednesday.
The county said its treasurer’s office verified the banking institution involved. Its release did not address whether anyone confirmed that the account belonged to Turn Key.
County officials said the sheriff’s office received an email June 19 that appeared to come from a Turn Key representative. It requested a change to electronic payments and included new banking information.
On Oct. 23, Turn Key contacted the sheriff’s office to report that it had not received payments in several months. The company later confirmed it never requested the banking change.
The county said its treasurer’s office verified the banking institution involved. Its release did not address whether anyone confirmed that the account belonged to Turn Key.
County officials said the sheriff’s office received an email June 19 that appeared to come from a Turn Key representative. It requested a change to electronic payments and included new banking information.
On Oct. 23, Turn Key contacted the sheriff’s office to report that it had not received payments in several months. The company later confirmed it never requested the banking change.
Find the original article here.
Takeaway: Have a separate process for remittance changes that includes controls, validations, authentication and best practices. Make another confirmation call to the vendor to confirm they received the payment. If they didn't receive it, now there is a better chance to recover it.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
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