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 Financial Institution Clients Have the Right Coverage!
Contact any one of our FI insurance experts below for help in making sure your FI customers have the right coverage from a strong, stable company!
Experts Focused On Your Protection. We Deliver.
| Northeast Region Seth Jainchill 860-466-7363 sjainchill@berkleyfs.com | Southeast Region Nick Zacchio 860-466-7190 [email protected] |
| Central Region Mike Saccone 303-408-9599 [email protected] | West Region Pete Verretto 206-802-3076 [email protected] |
| Underwriting Manager Edward Mongon 212-822-3312 [email protected] | National Marketing Director Scott Mynatt 404-443-2076 [email protected] |
| Vice President, Practice Leader Ryan Wenzel 212-497-3740 [email protected] |