Vendors Scams On The Rise
Imposters are submitting fake Electronic Funds Transfer (EFT) Authorization Forms forms to change the banking information for department vendors. Even if the information appears to be legitimate, department fiscal staff are required to personally verify that the change is legitimate to prevent payments from being redirected to a fraudster. Funds improperly paid to a fraudster are not recoverable and result in a direct financial loss to the department.
ACTION STEP:
- Never make any important financial change unless you have personally verified and authorized signatory for your vendor listed in the Contractor Authorized Signatory Listing (CASL).
Always report any suspicious activity to your security staff immediately. See our CTR Cyber page for more cybersecurity internal controls and contact [email protected] with any incidents or suspected incidents of fraud or cyber threats or if you need support from our Statewide Risk Management Team.