2026 Resolution: Protect Your Capital from the $16+ Billion Threat

In January, leadership teams lock in goals for AUM growth, new strategies, and operational efficiency, but often overlook the step that makes all that progress fragile: how you verify where your money is wired. In 2024, the FBI’s Internet Crime Complaint Center recorded a record-breaking $16.6 billion in cybercrime losses, with business email compromise driving roughly $2.8 billion in reported losses alone (and this is just what is reported). For investment managers and other high transaction organizations, these numbers highlight the importance of real risk management.

Wire fraud occurs when your organization is tricked into willingly sending funds to a criminal instead of the intended recipient, usually via highly convincing email, fake invoices, or last-minute “updated” instructions. Business email compromise (BEC) and vendor impersonation are among the top threats facing U.S. companies, and BEC accounted for 21,442 complaints and nearly $2.8 dollars in reported losses in 2024.

If your firm makes only one operational New Year’s resolution, make it this: no wire leaves your organization without verification. That means confirming payment instructions and any changes through trusted channels (such as a known good phone number), documenting that verification, and enforcing dual approvals and separation of duties for higher-risk or first-time wires.

Conduit Security exists to defend investment managers and other transaction-intensive organizations against wire fraud using simple software and proven processes. The platform sits inside your payment workflow to enforce verification steps, automate and record approvals, and flag risky changes to wiring details or counterparties before funds move so that best practices are followed every time.

Please reach out to us in this new year for a brief conversation that can turn a resolution into an operational advantage that protects your investors, counterparties and reputation all year long.

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