No one is safe from criminals intent on robbing us of our hard-earned money. Nor are legitimate businesses immune to scams. West Bend was recently made aware of a scam involving the use of checks that appear to be from our company. Here are the specifics.
1) Individuals involved responded to a Craig’s List online site to work from home.
2) Once contact is made via the website, all virtual communication is conducted by text message with someone who calls himself Jeffery.
3) Within two days, a USPS priority, two-day mail envelope is delivered with a check in the amount of $2,350. The check appears to come from West Bend Mutual Insurance Company.
4) The return address is Indianapolis, IN.
5) Instructions direct the recipient to cash the check at their bank, then posing as a secret shopper, wire the money from one of three locations: Wal-Mart, Western Union, and MoneyGram.
6) The individual named authorizing the letter and action is Jeffery Kenar, payment officer.
Please be aware this is a scam! West Bend Mutual Insurance would never participate in such an activity and the checks that appear to come from our company are fraudulent. If you receive correspondence like the one described here, please contact your local authorities immediately. DO NOT cash the check or wire the money as instructed.
Insurance is about protecting our precious belongings. Being aware and cautious is also vital in keeping your valuable savings safe. For more information on how you can protect yourself, visit this Federal Trade Commission website.
Cybercriminals are becoming more creative and aggressive with their attempts to infiltrate computer systems to corrupt data and/or steal confidential information. No individual or business is immune to these efforts. Small to mid-size companies are often targeted and can be especially vulnerable to attacks. They also may have a harder time rebounding from the financial and public reputation impacts.
It’s important to insure your business against these threats. West Bend offers Data Compromise and CyberOne Coverages to help protect your business in the event of a data breach or other cyber-attack.
Our Data Compromise program covers electronic or physical data that’s lost, stolen, or inadvertently exposed. Basic coverage pays for expenses related to responding to a data breach. If this coverage is purchased, an optional coverage that pays for defense and liability expenses is also available.
Our CyberOne program assists businesses in recovering from damage to data and systems caused by a computer attack. These coverages help to pay for first-party costs associated with restoring computer software and recovering data, as well as third-party liabilities because of a failure of system security.
An independent insurance agent can discuss options and help you determine what coverage is right for your business.