Recently, international cybercriminals hacked into the emails of Bullitt County, KY city officials’ email accounts and had emails containing temporary passwords used to authenticate bank transactions rerouted to the bank accounts of 25 Americans who thought they were being hired for editing jobs through CareerBuilder.com. The Americans were then instructed to wire the money to banks in Ukraine and Russia. The transfers added up to a $415,000 loss for the county, coming out of their payroll account.

Unfortunately for Bullitt County, the entire fraud could have been prevented if their bank had been using TeleSign’s phone verification service. Rather than being sent their temporary bank authentication passwords through email, which can most often be easily hacked, the city officials would receive their authentication passwords via their office phone or cell phones with TeleSign’s phone verification. A person’s phone is a physical object that hackers cannot access, thus the Bullitt county fraud, as well as a lot of other online fraud, could have been easily thwarted with TeleSign’s phone verification.

For more about this automated screening phone verification security tool solution, call us now at 800-850-3485 and speak to a automated screening phone verification security tool representative.