Wells Fargo Business Account Targeted by Account Takeover Thieves in Security Breach

Robert Branagh, a longtime Wells Fargo business account holder, is the latest victim of unauthorized withdrawals and transfers totaling just under $150,000. Despite filing a fraudulent claim immediately after noticing the suspicious activity, he was unable to recover much of the stolen funds. According to bank records, the first breach took place on Aug. 17 but was not noticed until Aug. 29 after a total of $149,296.48 had been taken in a series of withdrawals.

Branagh expressed his frustration and confusion about who authorized the transfers. Unfortunately, no one at Wells Fargo could provide him with an answer. In response to this incident, U.S. Secret Service Orlando advised that it’s possible that someone may have tested the account by attempting to steal it in an effort to see if it was active before making larger withdrawals totaling just under $150,000.

To prevent similar incidents from happening in the future, law enforcement officials advise individuals with checking or savings accounts to check their accounts daily and report any suspicious activity immediately to local law enforcement or the U.S. Secret Service if they suspect their account has been compromised.

If you have any questions or require assistance regarding this matter, you can email makeendsmeet@wkmg.com or text “make ends meet” along with your contact information and issue to 407-676-7428 for support and guidance on how to protect yourself from financial frauds like this one