I heard this story from a local startup as well - an investor ended up losing ~$100k because the investor's email account was compromised and a lookalike domain was used to impersonate the startup.
I've been calling people out-of-band for verification using phone numbers from past communications, even if I'm working on transactions that don't seem out of the ordinary. Not that SIM card fraud doesn't happen, but at least that adds another layer of security.
I've been calling people out-of-band for verification using phone numbers from past communications, even if I'm working on transactions that don't seem out of the ordinary. Not that SIM card fraud doesn't happen, but at least that adds another layer of security.