Cyber-enabled financial crimes, particularly wire fraud and business email compromise (BEC), remain a serious threat across industries especially those that handle large transactions and sensitive data. Coordinated by the Financial Crimes Enforcement Network (FinCEN), the Rapid Response Program (RRP) is a powerful resource designed to help recover funds lost to cyber-enabled financial crimes.
Through collaboration with U.S. law enforcement and international financial intelligence units, the RRP facilitates the tracing and freezing of fraudulent transfers, often within hours of detection.
Key benefits of the RRP include:
- Rapid intervention in cases of wire fraud or BEC
- Increased chances of recovering stolen funds
- Clear steps for reporting and escalation
A review of the official FinCEN Fact Sheet provides the full details on how the program works and how to respond in the event of a suspected fraud. Staying informed and prepared is essential to protecting your business!
Make Sure Your Clients Take a Proactive Approach To Protecting Their Business Should a Loss Occur
Make sure your clients have crime insurance. Take the steps to ensure that your clients are covered by calling one of the Berkley Crime team members listed below.
Sincerely,
Michael Beranek
Berkley Crime
Experts focused on your protection. We deliver.
| National Practice Leader Michael Beranek (646) 522-7362 [email protected] | East Regional Manager/Commercial Crime Product Leader Matt McNamara (212) 497-3707 [email protected] |
| West Regional Manager Brian Platt (720) 979-1155 [email protected] | Renewal Team Leader Cheryl Yorio (860) 466-7379 [email protected] |